The plan hired an existing manager to temporarily handle a roughly $70 million allocation and announced the promotion of an investment officer at a meeting yesterday.
The state is now required to only consider pecuniary factors that exert a material effect on the financial risk or the financial when making investment decisions.
The outsourced cio promoted a managing director of investments to co-cio to help lead its investment strategy and provide its ceo more time to focus on long-term growth of the firm.