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The trust is seeking an investment manager and a money market provider.
Investment managers can avoid fines by making sure their employees use applications that archive communications while also maintaining appropriate policies and procedures for staff compliance, according to law firm Troutman Pepper.
The plan added a $100 million direct lending commitment to an existing manager relationship.
The plan is working with Benefit Financial Services Group and anticipates a selection in April.
The plan will consider committing to an existing opportunistic real estate manager at today’s board meeting.
The deferred compensation plan’s executive director will leave to take on a deputy executive director role at the State Teachers Retirement System of Ohio next month.
The selected manager will handle approximately $373 million.
The new hires represent the “continuation of Edison’s momentum in 2022,” according to the firm.
The plan will recommend the hire of a new pension investment consultant at a meeting this week.
Pacing plan is set for private equity, real assets, real estate and direct lending for 2023.