Daily Feed
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The plan concluded its private equity manager search conducted for pacing purposes.
He joins the firm from BlackRock as is based in West Palm Beach, Fla.
The retirement system will also announce a new executive director next week.
The deferred compensation plan is seeking both record keeping and custodian services.
The commitment will help move the retirement system closer to its 30% non-core real estate target.
The plans currently work with general investment consultant Innovest Portfolio Solutions.
The position is a new one for the private equity firm.
The $300 million in total commitments went to existing managers.
Patrick O’Donnell joined the firm this week from BlackRock.
