Searches And Hires
The plan committed $70 million total across three funds in the last several months.
The deferred compensation plan replaced its intermediate fixed-income manager in February due to personnel changes.
The pension plan hired a manager to build out its real estate allocation in May.
The retirement system recently launched an RFP for investment consulting services.
The plan also issued its RFP seeking passive fixed-income managers.
The new manager will split the plan’s fixed-income portfolio with its existing core manager.
The selected firm will help in an upcoming plan administrator RFP.
The authority is conducting a search on behalf of its 457(b), 401(a) and retirement health savings plans.
The plan adopted a new asset allocation that also eliminated risk parity and more than doubled its hedge fund target this week.
Plan staff will conduct on-site visits with six private debt firms next month.