Daily Feed
The plan committed $175 million total to two existing managers last week.
The plan expects to complete the invitation-only RFP process by the end of the third quarter.
The plan will be examining the allocation structure of the portfolio as well as the current managers.
The firm appointed a managing director of fund strategy and development to support its capital raising, investor relations, strategy and product development.
The plan asked its general investment consultant to prepare a search after an asset allocation discussion at today’s board meeting.
MissionSquare Retirement currently serves as the plans’ service provider.
The duo will oversee the firm’s $165 billion private equity business in their newly created roles.
The fund raised $8 billion in investable capital.
The plan will receive the real estate recommendation at its board meeting next week and the private equity recommendation in late March.
The town has issued an RFP seeking an advisor for its short-term and medium-term investment portfolio.
