Daily Feed
The county expects to select a firm at its Oct. 9 governing committee meeting.
The plan added a value-add real estate commitment to its portfolio.
The plan is looking to hire a small- to mid-cap growth equity manager to handle $85 million.
The fund revised its target asset allocation at its board meeting last week, increasing its exposure to fixed-income and private debt at the expense of real estate and global tactical asset allocation.
The foundation has hired a new cfo to oversee its finances and help manage its investments following a search from earlier this year.
The fund is expected to be at or near its €7 ($7.6) billion hard cap by the end of the year.
The internal appointment took over the role last month.
The plan ended a 30-year relationship with a core-plus bond manager after changes from recent meetings reported out of closed session.
She is rejoining the firm after previously being a part of the investment banking division earlier in her career.
The plan made three follow-on commitments at this week’s board meeting.