Daily Feed
Pension fund staff will conduct further review the universe of active emerging markets ex-China funds as part of an expected search request later this year after the board agreed to divest its current passive allocation to the asset class from the country.
The commitments include a first time relationship for the plan.
The deferred compensation plan issued an intent to award notice last month after issuing an RFP in November.
The new head of investor relations joined the firm from Arrowroot Capital.
The retirement system will conduct searches for international small-cap equity, high-yield fixed-income and bank loan managers.
The retirement fund is seeking managers to handle between $150 million and $350 million.
The firm also raised $2.1 billion in a general partner-facilitated secondary fund that provided liquidity optionality for certain limited partners.
The pension plan and trust selected a new consultant in the third quarter following finalist interviews held at a special board meeting.
The searches are required to comply with state procurement requirements.
The creator of the “Sahm Rule” has joined the firm as chief economist.