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The firm hired a portfolio manager to support the expansion of its sustainable multi-asset offering.
The negative performance was driven by the plan’s public market investments, which make up roughly 79% of total fund assets.
Plan added $250 million in new commitments across the second quarter.
The plan found its new executive director from within to replace Ronda Stegmann, who retires next year.
The survey included responses from ceos, cios and directors of operations from 300 asset managers with $500 billion in assets under management or less.
The plan selected one firm to manage a customized private equity co-investment program.
The plan decided to move forward with an RFP for alternatives consultants in the next few months.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
The plan is considering two private markets managers for its emerging manager program.