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The firm added the former investment officer of a West Coast pension plan this month.
Plan’s investment committee selected one core fixed-income manager and one core-plus bond manager at today’s meeting.
The board of trustees will consider the placing plans at its Dec. 20 meeting.
Jay Yoder will retire at the end of the month.
The termination resulted from a public equity structure review presented by its general investment consultant on Wednesday.
The plan is seeking several managers to handle a yet-to-be-determined mandate.
The plan committed $100 million total to private equity and private credit and approved a 2023 private markets pacing plan this week.
The plan was notified of two credit commitments and a core real estate manager termination at yesterday’s board meeting.
The plan hired a global equity manager to replace its incumbent, which was liquidated this summer.
Private assets, ESG and Chinese equity will help endowments and foundations garner strong returns over the long term without missing opportunities in the short term, according to a new report.
