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Mid-Atlantic Plan Keeps Int’l Equity Mgr. On Watch
Retirement plans are increasingly testing the waters for new investment advisors and record keepers.
The plan took the interim tag off Terrill Sanchez’s title at today’s board meeting.
County will stick with the incumbent after receiving five proposals in response to an RFP for its 457(b) and 403(b) deferred compensation plans.
Plan added up to $1.6 billion in private equity and real estate commitments and disclosed a new private equity investment officer hire.
Plan rejected the commitment after receiving additional information about the firm’s ongoing litigation yesterday.
His Co-CIO will become sole CIO following his departure.
He will serve as head of infrastructure equity within the real estate and private markets group.
Fund made three commitments to start the quarter.
Senator Rick Scott wrote a letter to state public pension and investment plan administrators urging responsible management of investor dollars that provides a return of investment, rather than prioritizing woke ideals known as ESG principles.