Searches And Hires
The retirement system approved issuing the RFPs last month due to standard state procurement laws.
The retirement system appears to be considering alternatives for an underperforming incumbent.
The plan will look to conclude its private markets consultant search next month.
The pension fund hired a pair of international growth equity managers at this week’s board meeting.
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The retirement system expects to issue the RFP in November.
The retirement system made three private equity commitments totaling $100 million in August.
The change comes as part of an overall review of the real assets portfolio by its general investment consultant.
The retirement plan will seek board approval to add two domestic equity managers on watch next week.
The pension plan approved asset allocation changes within its domestic equity, real estate and private markets portfolios yesterday.