Searches And Hires
The redemption follows the death of the firm’s founder and cio last month.
The latest commitment represents the plan’s fourth overall investment with the firm.
The city is seeking investment advisory services for its $630 million portfolio.
Plan will replace a recently terminated core real estate manager.
The plan added a European private equity commitment last week.
The pacing plan will target a total of $80 million to the asset class.
The plan disclosed $668 million in total commitments with one new manager and twelve existing managers in the fiscal second quarter.
The fund approved terminating a domestic large-cap growth equity manager due to underperformance and reinvesting the proceeds with an existing passive equity manager relationship late last year.
The college savings plan has issued its RFP seeking 529 industry consulting services due to the April 16 contract expiration of its incumbent provider.
Plan staff intends to make recommendations for each component of the search in May and August, respectively.
