Daily Feed
The commitments were approved by the plan’s private markets committee at a meeting yesterday and require full board approval later this month.
The plan expects to interview two finalists at its November investment committee meeting.
The incumbent consultant was awarded a new eight-year contract.
The new hire will assume leadership responsibilities across the firm’s $221.2 billion equities platform.
The new hire joins from Columbia Threadneedle Investments.
The plan disclosed commitments totaling $300 million at a meeting last month.
The retirement system added a $75 million commitment to an existing manager relationship last month.
The plan’s board will vote on a recommendation at a meeting later this month following finalist interviews this week.
The district is looking to consolidate from three advisors to a single firm to provide the services for various funds.
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.
