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The plan is working with Benefit Financial Services Group and anticipates a selection in April.
The plan will consider committing to an existing opportunistic real estate manager at today’s board meeting.
The deferred compensation plan’s executive director will leave to take on a deputy executive director role at the State Teachers Retirement System of Ohio next month.
The selected manager will handle approximately $373 million.
The new hires represent the “continuation of Edison’s momentum in 2022,” according to the firm.
The plan will recommend the hire of a new pension investment consultant at a meeting this week.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.
A college savings plan based in a Southern state has hired an equity manager within its portfolio.
The plan hired two firms following the issuance of an RFP in 2019 due to the contract expiration of its incumbent provider.
The plan hired its current consultant in 2017 following a search for services.