Searches And Hires
The plan’s board is slated to approve Wilshire as its new general investment consultant this week.
The plan added two commitments totaling up to $80 million in the first quarter.
The plan made commitments totaling up to $321.4 million this week and was informed of a private equity co-investment.
The plan’s private equity committee received three investment recommendations last week and made two commitments in March.
The commitment appears to represent a new relationship for the plan.
The plan made commitments to new manager relationships and terminated a firm due to performance and outflows.
The plan transferred the assets to an existing Standard & Poor’s 500 Index mandate last week.
The search is for value-add managers to handle up to $7 million.
Plan’s investment and operations committee will recommend one finalist to the full board later this month.
The investment consultant will advise on the county’s deferred compensation plan and OPEB plan.