Searches And Hires
The plan also closed on commitments totaling $1 billion.
The plan made a U.S. small-cap value equity manager hire at its November board meeting.
The healthcare system is currently conducting asset allocation studies for its operating fund and pension plan after receiving an education from its investment consultant on new asset classes including, private equity, private debt and real estate at a November workshop.
The plan selected a new program manager as its board meeting this week following a search from late 2022 due to the incumbent provider’s contract expiration.
The plan is currently administered by Nationwide Retirement Solutions and MissionSquare Retirement.
The plan will invest $100 million into a private equity fund-of-one over the next five years.
The incumbent manager was first hired in 2015.
The college has commenced a search for an investment manager for a portfolio ranging from $10 million to $20 million.
The plan made three follow-on commitments today.
Selected consultant will oversee township’s 457(b), 401(a) and retirement health savings plans.
