Searches And Hires
The plan has begun a search seeking passive investment management services.
The plan rehired its incumbent consultant after last conducting a search for the services in 2018.
The firm was also the sole bidder to an RFP issued last summer.
The plan committed $300 million total to two managers this month and was informed of two private equity co-investments.
The plan is looking for a farmland manager to handle $35 million.
The plan made a $25 million re-up with an existing fund at its investment committee meeting this week while also opting to rescind a private debt commitment due to delays in deploying capital.
The plan increased its target allocations to credit and hedge funds last month and recently approved three commitments totaling $125 million.
The plan committed $10 million to an existing real estate debt manager yesterday.
The plan’s incumbent was first hired in 1997.
The fund canceled its RFP seeking a non-discretionary investment consultant to oversee its trust fund late in the fourth quarter as the consultant’s contract was slated to begin Dec. 1.