Daily Feed
The plan will interview two private equity managers and an infrastructure manager at its November board meeting.
District will hear presentations from four finalists on Sept. 28.
CPERA completed its fixed-income unitization project, which will reduce investment management fees for participants of its defined contribution plans.
Long-term real assets strategies like agriculture/farmland and timberland are beginning to garner renewed interest from institutional investors as inflation continues to impact the economy.
The plan approved a $10 million real estate commitment this month after the board previously decided to revisit the investment.
They will be responsible for origination, negotiation, structuring and closing of deals.
The current president and ceo announced his intention to retire in January.
The plan extended the contract of its incumbent banking and investment services provider through 2023, which represents the final contract extension available.
The new finance head will extend the firm’s budgeting, planning and reporting capabilities and evaluate growth opportunities.