Daily Feed
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
The firm’s contract was set to expire later this year.
The incumbent manager was replaced due to founder retirement, falling assets and client departures.
The review may lead to replacement searches for two incumbent managers.
The plan has named its new executive director after beginning a search in March.
The pension plan hired a private equity consultant to help implement its maiden 5% target to the asset class today.
The pension plan recently added two senior investment analysts.
The firm was rehired this week after the plan issued an RFP in March.
Firm announced managing director additions from Jupiter Asset Management and Blackstone.