Searches And Hires
The searches are being conducted to comply with state procurement laws.
Incumbent consultant has been handling the plan’s services on a month-to-month basis since its three-year contract expired during the COVID-19 pandemic.
The trust’s incumbent consultant is on a six-month contract.
The plan will soon issue RFPs for a stable value fund manager and a record keeper.
The search is due to the contract expiration of Empower Retirement.
The search is due to the contract expiration of incumbent Innovest Portfolio Solutions.
The plan expects to further discuss an international developed markets equity manager search at its upcoming board meetings and recently disclosed five private equity commitments.
The plan is seeking non-core real estate, farmland, timber and infrastructure strategies to fulfill an up to $400 million mandate.
The plan has issued the RFPs after approving the searches last month.
The plan will search for a new core-plus fixed-income firm after recent asset losses and a change in ownership experienced by its incumbent manager.
