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Andy Stewart will take over as ceo of Wilshire following the launch of Wilshire Indexes, a new operating entity that will hold the firm’s indexing business, the firm announced.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
The plan increased its target to international equity at the expense of long/short equity.
New managing director will cover the Taft-Hartley client channel in the Midwest and on the West Coast.
The strategic addition supports growth of the firm’s liquid credit platform.
The plan is seeking a firm to provide consulting services related to investments, record keeping and plan design and technical guidance.
The selected firm will serve an initial three-year term beginning July 1.
Parthenon Capital closed its seventh fund with more than $4.5 billion in commitments.
The plan approved commitments of $30 million each to real estate and private equity funds at today’s meeting.
Plan continues working toward executing a transition of assets away from the state fund.