Searches And Hires
The retirement system received proposals from five firms following an RFP issued in January.
The plan is also considering adding risk mitigating strategies.
Expected services include investment consulting, plan administration and participant education.
The plans expect to issue an award notice on Dec. 19.
The pension plan also made two commitments at its real estate committee meeting in May.
The search comes after the plan received an education on below investment grade multi-asset credit managers this week.
The search is being conducted due to the closure of one of the retirement system’s investments.
The retirement fund disclosed eight commitments totaling $1.1 billion in July.
The retirement system conducted a similar search in 2018 that resulted in a manager change.
The hire concludes an RFP process that began in January.