Searches And Hires
The fund has issued an RFP for an outsourced cio as it found its current approach was too slow and did not allow for real-time market responsiveness.
The retirement system has a 6% target to hedge funds.
The retirement system is seeking a firm to manage a $15 million mandate.
The plan rehired its current provider in 2017.
The retirement system also concluded its real estate search for debt, opportunistic and value-add managers.
The plan committed to a fund specializing in aerospace and defense earlier this month.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The retirement fund made up to $170 million in alternatives commitments last week.
The retirement fund added a dedicated 5% allocation to the asset class earlier this year.
The retirement plan replaced an existing manager due to performance reasons.