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Matthew Benkendorf, cio and head of the firm’s Quality Growth global equity investment boutique, is stepping down.
The retirement system is conducting its first real estate search in over 10 years.
The new senior managing director will focus on the financial services sector.
The pension fund approved the searches at last week’s board meeting.
The firm will manage an initial $150 million allocation for the fund.
John Lippmann has joined the diversified real estate manager as head of its U.S. real estate capital markets.
The retirement association expects to select a manager in the fourth quarter.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.
The plan will also receive a domestic large-cap growth equity manager search report next week.
The plan will look to identify potential replacements for its current international value equity manager.