Searches And Hires
The plan adopted a new asset allocation mix at its board meeting yesterday.
The search is required by standard state procurement laws.
The plan last conducted a search nearly a decade ago.
The plan’s current manager was first hired in 2017.
The hire concludes an RFI launched in July.
The district tabled a similar search for services in 2017.
The plan placed a domestic large-cap growth equity manager on watch at its Dec. 6 board meeting.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The plan will commit to a total of 15 private equity managers next year.
The pension plan made a $24 million commitment to an existing real estate manager relationship in October.