Searches And Hires
The program approved the addition of a new small-cap value fund to replace an existing strategy within a lineup of underlying fund managers and rehired its investment consultant for a three-year term.
The plan made the decision in closed session of its August board meeting.
The retirement system is seeking an international growth equity manager to handle $200 million.
The plan’s current manager has been under scrutiny due to organizational and personnel changes.
The plan last conducted an asset/liability study 18 years ago.
The plan is looking to create a broadly diversified private credit portfolio.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The plan is seeking open-ended fund managers to handle $45 million.
The plan also named finalists in its non-core real estate and private credit searches.
The plan replaced its international growth equity manager in June.