Extensive and timely coverage of the institutional industry.
The four new firms help make up the plan’s new $5.2 billion fixed-income structure.
The plan’s incumbent is underperforming and will see its contract is expire this year.
The plan hired all incumbents in its high-yield fixed-income and general investment consultant searches.
Lincoln Financial Group ranked above incumbent Nationwide Retirement Solutions following finalist interviews.
Plan’s consultant is recommending a value-add commitment in 2022 or 2023.
He will retain firm ownership and stay on as a senior advisor.
She will manage the firm’s suite of public market fixed-income products.
Consideration of private equity comes as part of an asset allocation study expected for review this week.
The plan committed $100 million each to three private equity firms at its May board meeting.
Plan approved $125 million in new commitments in March.