Searches And Hires
The systems hired a core fixed-income replacement following finalist interviews held last week.
The retirement system will receive educations on the asset classes at a third quarter board meeting.
The retirement system’s upcoming search will comply with state procurement laws.
The water authority is seeking the services on behalf of its approximately $1.1 billion investment portfolio.
The plan committed to two funds after interviewing five finalists this month.
The plan also received a trustee request for a competitive bid process for investment consulting services.
The retirement system is working with its general investment consultant to conduct a search for strategies.
Nearly $2.2 billion in assets are up for bid across the searches.
The retirement system created a 3% target to the asset class in February.
The institution approved financing agreements with four companies through its fund responsible for commercializing university research discoveries and innovations.