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The executive chair of the outsourced cio recently died after joining the mid-Atlantic based firm in the role in the third quarter.
New co-ceos will succeed the firm’s first ceo at the start of 2024.
The oversubscribed fund closed with approximately $600 million.
The plan will consider two funds from existing managers.
The city is seeking discretionary investment management services for its OPEB Trust.
Plan’s current executive director will retire at the end of the year after a decade in the position.
Plan will hear presentations from four general investment consultant firms at its meeting next month.
The nonprofit has hired the executive director and cio of a nearby public defined benefit plan as deputy cio and they will succeed the nonprofit’s cio following their planned retirement in summer 2024.
The fund approved a search for domestic large-cap growth index managers at its board meeting last week to review pricing and see what others firms could provide the services as it has been utilizing the same manager since 2006.
The foundation recently revised the target asset allocation for its investment portfolio, shifting it toward domestic and developed market equities at the expense of emerging market stocks, and retained its outsourced cio provider.