Searches And Hires
The retirement system rehired its incumbent manager after similar searches in 2006 and 2018.
The retirement fund’s investment committee will interview three finalists in a $737 million search next week.
The searches include a maiden domestic small- to mid-cap equity mandate.
The pension plan made $665 million in total private equity/current return and real estate commitments in the second quarter.
The community foundation hired an investment manager for its endowment, flowthrough legacy and agency funds.
The institution temporarily paused making investments in illiquid assets in the first quarter after reviewing its investment policy and guidelines, where concerns about private equity investing and not having an updated five-year strategic plan were made.
The system has issued an RFP seeking investment advisory and management services for its portfolio comprised of approximately 40% short-term and 60% intermediate-term investments.
The state has issued an RFP seeking a general investment consultant on behalf of its college savings program, several endowments and pension plans.
The pension’s investment committee introduced a 2.5% target to non-core real estate at this month’s investment committee meeting.
The retirement system also concluded its private equity and index manager searches.