Searches And Hires
The retirement system could not come to an agreement with its previously hired manager.
The pension plan agreed to consider replacing its domestic large-cap core equity manager due to underperformance and a recent personnel change.
The plan approved an asset allocation in March that introduced new targets to international small-cap equity and infrastructure.
The plan’s current manager was first hired in 2017.
The transit system is seeking the services on behalf of its 457(b) and 401(a) plans.
The search is open to both equity and debt strategies.
The plan is looking to invest $7 million with value-add real estate funds.
The deferred compensation plan hired four fixed-income managers to handle a total of $2.75 billion.
The plan is seeking developed markets equity managers to handle a $50 million allocation.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.