Searches And Hires
The plan will search for active and passive strategies for a total of up to $1.3 billion.
The pension plan will issue the RFP in September as its current contract has exceeded five years.
The pension plans received seven submissions in response to a joint RFQ issued in October.
The retirement system has worked with its incumbent general investment consultant since 2009.
The plan approved the two manager searches at a board meeting yesterday.
The pension plan made nearly $274 million in total real estate commitments last month.
The retirement association will look to fill out its new international small-cap equity allocation with a hire next quarter.
The institution is searching for a firm to support its board of directors with the identification and selection of new board members that align with its mission and strategic goals.
The institution approved an investment with a low carbon, global equity index fund within its pension and revised the target asset allocation for its largest pool of assets.
The foundation is looking to increase its allocations to diverse asset managers and environmental sustainability and social impact strategies, including regionally focused investments, within its endowment.
