Searches And Hires
The commitments include three new manager relationships for the retirement system.
The plan opted to hire a new general investment consultant after 10 years with its incumbent.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The plan recently made $285 million in private markets commitments.
The plan received an infrastructure search report that included two candidates at today’s meeting.
The pension fund also approved a private equity commitment and retained its general investment consultant following a search.
The retirement system will interview the finalists at its December finance committee meeting.
The retirement system is seeking a replacement for a recently terminated domestic equity manager.
The retirement system also approved a search for a multi-asset credit manager at the end of August.
The fund approved adopting changes to its target asset allocation at its September board meeting as it also made a $100 million infrastructure commitment.