Daily Feed
The plan may vote on a new executive director tomorrow.
The district rehired its incumbent to provide third-party administrator services.
The plan is seeking both active and passive managers to handle up to $10 million.
The contract of the current consultant is set to expire this year.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The authority is seeking proposals for advisory and administration services for the establishment and administration of a trust relating to its obligations to a union OPEB plan.
The plan removed two hedge fund investments totaling $40.8 million from its portfolio this week.
The plan approved a strategic real estate plan that calls for dropping its core portfolio to 5 managers from 11 over time.
The search is open to core and value-add real estate strategies.
The commitments were recommended in closed session of yesterday’s board meeting.