Daily Feed
The plan has issued an RFP seeking record keeping and administration services.
The plan selected a new general investment consultant after going out to bid in May.
Plan added a direct real estate investment and a REIT investment to fill out a new 5% allocation to the asset class.
The plan’s general investment consultant “was unsuccessful in reaching legal terms” for a previously approved follow-on private credit commitment.
The plan is looking to expand its existing $1.16 billion factor portfolio to a global all country equity mandate.
The plan increased the allocation range for its global equity emerging manager program by 5% this week.
The hires follow the winding down of an incumbent fixed-income manager earlier this summer.
He will spearhead portfolio management for Pretium’s single-family rental fund strategy.
State Street is collaborating with Barclays to develop and manage active systematic fixed-income strategies.
The fund will invest in the global healthcare industry.