Materials for a May 8 Investment/Regular Board meeting includes an item that notes “approve hiring ASB Capital Management and J.P. Morgan Asset Management for $45 million mandates and Invesco Real Estate for $60 million mandate.”
The $3 billion plan’s asset allocation targets consist of 22.5% each to domestic and international equities, 23% core fixed-income, 15% real assets, 10% to global private equities and absolute return, 4% high yield fixed-income and 3% cash. Wurts & Associates assists the plan with its investment decisions, writes Mandate Pipeline.
