Searches And Hires
The plan eliminated its short-duration fixed-income and TIPS allocations through manager terminations approved last month.
The commitments made earlier this month include a first-time manager for the plan.
The retirement system added $350 million in alternatives commitments in the first quarter.
The retirement fund is seeking closed-end value-add or opportunistic equity private real estate funds.
The pension plan made commitments totaling $110 million last week.
The search is part of an asset allocation implementation plan.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The retirement system has approximately $159 million allocated to its incumbent managers.
A total of 23 firms submitted proposals to the retirement system’s domestic large-cap core equity manager search.
The advisor will provide services for the county’s $510 million long-term core and $104 million long-term multi-asset class investment portfolios.