Searches And Hires
Investment advisor will oversee the system’s 403(b) plan and two 401(a) defined contribution retirement plans totaling $5.8 billion in assets.
The plan last conducted a search in 2015.
The plan is conducting the search in anticipation of its incumbent’s contract expiration.
The plan is looking to invest $8 million in the asset class for the first time.
Plan will seek infrastructure managers to complement its existing portfolio.
The plan last conducted a similar search in 2017.
The plan has not conducted a search since it hired its incumbent consultant 20 years ago.
The plan is looking for flexible and tactical strategies.
Maiden Russell 1000 Value Index Manager will handle $20 million on behalf of the plan.
Selected international large-cap growth equity manager will handle between $1 billion and $2 billion and the U.S. REIT manager will manage between $100 million and $200 million.
