Plan has not fully executed an RFP for the services since 2010.
Global value hire will replace the plan’s existing passive global core equity mandate with Northern Trust Asset Management.
Plan will narrow a diversified core real estate manager search to finalists after reviewing an initial list of candidates last week.
The plan concluded a global equity search conducted in the fourth quarter.
Plan added commitments totaling roughly $2.7 billion with six existing managers and two new managers in March.
Plan is targeting direct lending strategies and will award up to $600 million per mandate.
Plan committed up to $130 million to two funds this week.
A pension board affiliated with a major church is recommending the denomination add several energy companies to its divestment/proscription list due to involvement in environmental issues.
Plan approved a convertible bond hire at today’s meeting as well as private equity and real estate commitments.
Plan committed $50 million to a new core-plus real estate manager this month.