Searches And Hires
The pension plan recently made $1.5 billion in total commitments and terminated two existing managers.
The plan’s existing high-yield fixed-income managers had been on watch for performance reasons.
The trust will also consider a core-plus real estate manager in May.
The retirement system approved private markets commitments at its board meeting today.
A Texas-based deferred compensation plan will review emerging markets equity managers to replace its incumbent mandate this week.
The retirement system is encouraging firms to respond to one or more services that include general consulting, private credit and hedge fund consulting and private equity and real estate consulting.
The plan’s general investment consultant will bring a search report next month.
The pension plan made $851.7 million in total private equity/current return commitments and $288 million in total real estate commitments in the fourth quarter.
The pension system will hear a recommendation to interview three finalists in an ongoing active core fixed-income manager search.