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The plan will not commit any additional capital to the program due to potential issues, including conflicts of interest and lack of transparency.
The plan committed to new funds with two existing managers.
The plan’s incumbent consultant was first hired in 2015.
Erinn King has joined Income Research & Management as chief strategy officer.
The plan discussed a commitment at its March investment committee meeting and will further review the recommendation later this month.
Anderson became cio of the North Dakota State Retirement and Investment Office in January 2022.
The investment management arm handling Princeton University’s $35.8 billion endowment, will search for its fourth president as Andrew Golden is set to retire next year.
Middle market private companies experienced year-over-year earnings and revenue growth of 11% each during January and February, according to a report from Golub Capital.
The plan recently terminated its risk premia manager due to investment process and performance concerns.
Plan intends to issue an RFP to seven to 10 firms in June after narrowing the universe to 15 potential candidates through screening.
