Searches And Hires
The program recently selected a new investment consultant for its 529 and ABLE savings programs to conclude a search process from the beginning of the year.
The agency’s plans hired their first investment consultant following a search process conducted in 2018.
The plan established a new 3% target to the asset class earlier this year.
The district received five proposals in response to an RFP issued in November.
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.
The search is opened to commingled funds, mutual funds or limited partnerships.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The plan is looking to invest $200 million with multiple investment managers.
The retirement system moved away from its active domestic large-cap growth equity manager.
The retirement system added direct lending and core real estate commitments at today’s board meeting.