Searches And Hires
The fund has extended the deadline for proposals in its search for firms to provide investment management services to June 5 from May 16.
The college savings plan received just two proposals after issuing an RFP to 98 firms in the first quarter.
The upcoming search stems from a new domestic equity structure approved today.
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.