Searches And Hires
The retirement system reviewed three potential replacement options for an incumbent manager last quarter.
The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.
The commitments total more than $700 million.
The pension fund had approved minimum qualifications for the search last month.
The retirement association also terminated an emerging market fixed-income mandate at today’s board meeting.
Four total firms were interviewed in May for the mandate.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.
The township is seeking record keeping, investment management and education services on behalf of its deferred compensation plans.
The foundation added an international large-cap equity allocation after revising its asset allocation last year.
The new domestic small- to mid-cap core equity allocation will complement the retirement system’s existing small-cap manager.