Searches And Hires
The plan made commitments with two existing managers.
The plan expects to commit to buyouts and special situations funds for the next three years.
The plan conducted similar searches in 2019 and 2013.
The plan agreed to redistribute its dedicated emerging markets equity allocation to developed markets equity, private equity, private credit and commodities this week.
The pension plan hired a firm to complement its existing fixed-income managers and rehired its general investment consultant yesterday.
Plan agreed to hire one of three core bond finalists to present at this week’s board meeting.
The plan is seeking passive large-cap equity providers and is also interested in firms with passive small-cap offerings.
The plan is seeking international core, growth and value equity managers to handle roughly $600 million.
The plan selected a pair of firms to fill a maiden allocation to the asset class.
The proposed portfolio structure would result in searches for core, credit, U.S. Treasury, emerging market debt, securitized products and bank loans.