Searches And Hires
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
The plan increased its target to international equity at the expense of long/short equity.
The plan is seeking a firm to provide consulting services related to investments, record keeping and plan design and technical guidance.
The selected firm will serve an initial three-year term beginning July 1.
Plan continues working toward executing a transition of assets away from the state fund.
The changes will harmonize the investment grade fixed-income portfolios between the board’s three investment plans.
The contract of the current consultant is set to expire this year.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.
The authority is seeking proposals for advisory and administration services for the establishment and administration of a trust relating to its obligations to a union OPEB plan.
The plan removed two hedge fund investments totaling $40.8 million from its portfolio this week.