Searches And Hires
The plan hired two international equity managers to handle up to $700 million total last week following a search from 2022.
The foundation has issued an RFP seeking a firm to conduct research and make investment decisions on the management of the portfolio, recommend asset allocation and handle reporting, portfolio evaluation and the review of accounts.
The plan has issued an RFP for a firm to provide investment and custodial services for one of its portfolios.
The searches comply with standard state procurement laws.
The recommendation stems from general investment consultant NEPC’s most recent asset class assumptions.
The plan also concluded its real estate and passive manager searches.
The plan is searching for a general investment consultant for its defined contribution retirement program to help with the search, selection, monitoring and reporting of investment vehicles.
The plan’s real estate committee considered two credit commitments totaling $125 million earlier this month.
The plan selected its incumbent consultant after receiving a total of three proposals in a search initiated in January.
The board has issued its RFP seeking an investment consultant to oversee assets across five plans due to the upcoming contract expiration of its incumbent consultant, which is invited to rebid.