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The plan will continue their discussions on potentially investing in private credit at a meeting next month.
The pension plan hired the firm based on its favorable returns, low fees, diversification and low correlation to existing active core-plus fixed-income manager Loomis, Sayles & Company.
Pension plan expects to review approving a search for international small-cap equity managers next month.
The firm’s current cio for public markets will retire at the end of 2024.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
Plan staff made a $9 million private credit co-investment in May.
The plan also named a new manager at a board meeting earlier this year.
The retirement association is looking to add a passive component to its international equity portfolio.
The managing director will join an undisclosed investment management firm.
Firm added to its new Philadelphia office with a managing director hire.