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A California pension plan hired a new real estate consultant and approved a private equity and infrastructure pacing plan today.
The plan extended its general investment consultant contract with Verus and discussed its ongoing asset/liability study this week.
The plan will conduct seven manager searches beginning in January.
The plan will interview two finalists in its index provider search later this month.
The plan hired two private debt managers at its board meeting yesterday and will consider making changes to its private equity portfolio next year.
The assistant senior investment officer for real estate left the plan last month.
The new investment advisor will replace the plan’s recently acquired incumbent.
She will ensure that Hayfin’s responsible investment practices are reviewed, developed and implemented across the business.
Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.
Acquisition will result in the firm’s twelfth affiliate.