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He served as a voting trustee for over 20 years and served on the executive and investment and endowment committees.
Plan added a $50 million U.S. small-cap growth equity mandate with an existing manager relationship this month.
Terminated firm had been placed on watch for performance reasons last month.
Plan staff is seeking board approval of direct lending and core-plus real estate commitments this week.
The plan is allowed to invest up to 7.5% of total assets into the new asset class.
Sriram Lakshminarayanan was appointed cio of the $40.8 billion Iowa Public Employees Retirement System in January after serving as the plan’s chief risk officer since 2014. He took the time to answer 5 questions with FIN News.
The city hired CAPTRUST Financial Advisors as its new consultant this month.
Commitments to private credit and private equity made at today’s board meeting total $60 million.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
He will develop and oversee the firm’s digital asset strategy.