Equity
The retirement system has approximately $159 million allocated to its incumbent managers.
The hire concludes a shortlist search that resulted from a global equity restructuring last month.
An investment management company housed at a university in a Southern state has hired a new managing director to spearhead its public equity portfolio.
The pension plan recently hired three private debt managers as part of an ongoing search.
Three firms were vying for the $30 million mandate.
The plan also funded a new internally managed enhanced index fund.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.
The search is being planned to potentially replace an existing manager.
The changes were recommended by the trust’s newly hired general investment consultant.
The retirement plan hired several managers to move toward its new asset allocation policy.