News
Extensive and timely coverage of the institutional industry.
The plan’s deputy cio had originally joined at the end of 2021.
The selected firm will serve for an initial one-year period beginning Jan. 1.
The plan represents the consulting firm’s first Mass.-based client.
The plan’s incumbents manage more than $1.2 billion.
The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.
CIO and COO Amy McGarrity will serve as the plan’s interim executive director while the search is conducted.
The three new commitments will total up to $130 million following approval from the full board later this month.
The search is being conducted in anticipation of the Dec. 31 contract expiration of incumbent Nationwide Retirement Solutions.
The plan is looking to invest up to $175 million initially with the selected manager.
The plan disclosed two private equity commitments at a board meeting yesterday.