News
Extensive and timely coverage of the institutional industry.
The two manager terminations stem from underperformance, asset outflows and high fees.
Nikki Kraus is tasked with overseeing the Arlington, Va.-based outsourced cio’s client development, operations, finance and human resource functions, while interfacing with clients to ensure the firm is delivering tailored approaches to meet their needs. She took the time to answer five questions, plus a few extra, with FIN News.
The plan opted to invest its 6% target to emerging markets equity with two active ex-China managers this week.
The plan also appears to have reissued its private markets consultant RFP.
The plan replaced the TCW Total Return Bond Fund at its Oct. 16 meeting.
The agency hired PFM Asset Management to handle the services following a search launched in 2016.
The pension plan terminated its domestic micro-cap equity manager last month due to underperformance.
The current director is leaving next month for a neighboring plan.
The search is part of a 2024 pacing commitment plan.
The plan approved the search last month to comply with state procurement requirements.