Searches And Hires
The plan is currently administered by Nationwide Retirement Solutions and MissionSquare Retirement.
The plan will invest $100 million into a private equity fund-of-one over the next five years.
The incumbent manager was first hired in 2015.
The college has commenced a search for an investment manager for a portfolio ranging from $10 million to $20 million.
The plan made three follow-on commitments today.
Selected consultant will oversee township’s 457(b), 401(a) and retirement health savings plans.
The county’s current provider will see its contract expire in June.
The plan anticipates selections in the non-discretionary and discretionary portions of the search to take place in May and August, respectively.
Plan is searching for a multi-asset credit manager to fill a maiden allocation to the asset class.
The plan could look to add private equity as current valuations begin to decline.