Daily Feed
The plan committed $8 million each to a private equity fund-of-funds and a managed income strategy in October.
The searches are being conducted to comply with state procurement laws.
The plan’s general investment consultant will report back on its due diligence meeting with the firm.
Incumbent consultant has been handling the plan’s services on a month-to-month basis since its three-year contract expired during the COVID-19 pandemic.
Davidson Investment Advisors is acquiring the mid-Atlantic based firm, which specializes in municipal and taxable fixed-income investments, in a deal that is expected to close in the first quarter of 2023.
The trust’s incumbent consultant is on a six-month contract.
The plan approved a commitment to one of its strongest asset class.
A major public pension in Canada aims to achieve a net-zero portfolio by 2050.
The plan will soon issue RFPs for a stable value fund manager and a record keeper.
The plan approved a consultant recommendation to replace its existing U.S. small-cap equity option.