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The plan liquidated a global equity mandate and made $1.5 billion in total commitments in July.
Firm’s new v.p. and consultant joins from another investment consulting firm.
The search is to potentially replace an incumbent manager due to performance concerns.
The plan is required to go out to bid every seven years.
The Rhode Island plan is working to fill the position in the interim.
The searches follow establishment of new sub-asset class targets of 11% to broad fixed-income and 3% to high-yield within its overall fixed-income target earlier this year.
The defined contribution plan has issued an RFP seeking investment consulting services.
The pension plan committed $125 million to new and existing manager relationships last week.
The plan most recently renewed its general investment consultant contract in August 2022.