Searches And Hires
The retirement system last conducted a similar search in 2010.
The system will introduce a target to rebalancing leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
The firm’s contract was set to expire later this year.
The review may lead to replacement searches for two incumbent managers.
The pension plan hired a private equity consultant to help implement its maiden 5% target to the asset class today.
The firm was rehired this week after the plan issued an RFP in March.
The plan approved a search today as a potential alternative option to its incumbent manager.
The plan is seeking diverse-owned firms to handle short-term TIPS and long-term U.S. government bond managers to preferably run the allocations in passive or enhanced index strategies.