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The plan hired a new global equity manager to handle a $500 million mandate and added 13 other commitments last month.
The hire wraps up a search launched earlier this year seeking a firm to provide administrative services, plan implementation, technical services and the investment vehicle for the plans.
The junior portfolio managers will be responsible for sourcing, selection and management of private markets investment portfolios.
The plan committed to a Vista Equity Partners fund at today’s board meeting.
Plan intends to complete domestic mid-cap value and growth equity searches by the first quarter.
Treasurer Adam Cloud announced his decision to retire at a board meeting today.
The proposed fund liquidation would remove the value-tilt within the plan’s global equity portfolio.
After its latest rate rise, the Federal Reserve has signalled the pace of hikes could slow. But a recession may still be necessary to bring runaway inflation under control.