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Lincoln Financial Group ranked above incumbent Nationwide Retirement Solutions following finalist interviews.
Plan’s consultant is recommending a value-add commitment in 2022 or 2023.
He will retain firm ownership and stay on as a senior advisor.
She will manage the firm’s suite of public market fixed-income products.
Consideration of private equity comes as part of an asset allocation study expected for review this week.
The plan committed $100 million each to three private equity firms at its May board meeting.
The current cio has departed the plan after less than 18 months in the position.
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
He will identify growth opportunities across the healthcare market.