Searches And Hires
A total of six new commitments and two terminations were reported this month.
The plan also committed to a non-core real estate fund and will redeem from a core fund.
The school district is seeking a manager to provide cash flow investment management services and reporting for construction bond proceeds up to $179 million.
The plan also revised its upcoming fixed-income and international equity manager search timelines.
The retirement system concluded its domestic small-cap value equity search by selecting two managers.
The plans added a sustainable equity manager to their lineup in October after initially receiving an ESG/socially responsible product analysis search book in April.
The retirement fund is conducting the search due to state statute.
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
The current consultant’s contract is slated to expire on June 30.
The plan last conducted a real estate consultant search in 2017.