Searches And Hires
The program is seeking a firm to provide general advice, counsel and recommendations related to investment personnel, investment strategy and investment portfolio, among other areas.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The retirement systems will look to hire a core bond replacement next quarter after terminating Western Asset Management last month.
The plan will commit a total of $1.2 billion to the asset classes next year.
The search is due to state regulatory requirements.
The sanitary district is seeking retirement plan advisory services on behalf of a 457 plan.
The plan reduced its international small-cap equity portfolio to two managers from three at last week’s board meeting.
The plan interviewed the finalist firms at its board meeting last week.