Searches And Hires
The foundation has rehired its incumbent outsourced cio following an invitation-only RFI process to determine whether it should be put services out for bid.
The plan terminated an international equity manager that saw a personnel departure last year.
The search is required per state regulatory requirements.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The redemptions stem from qualitative issues within the firm’s investment team.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The pension plan first issued an RFP seeking one or two separate account managers to establish emerging manager programs for real assets and real estate in January 2023.
The plan’s sole emerging markets equity manager was first hired in 2018.
The commission received two proposals in response to an investment consultant RFP issued in August.
The plan expected to begin the search to comply with state regulatory requirements.
