Minnesota State Board of Investment, St. Paul, trustees might issue RFPs at their June 6 meeting for the $44 billion system’s first consultant and for master custody services.
Staff will recommend terminating domestic equity manager CIC Asset Management and international equity manager Standish, Ayer & Wood and adding a midcap equity option to the state’s 457 plan. Staff also will recommend investments in Levine Leichtman Capital Partners III and a Heller Real Estate Partners mezzanine real estate fund for the post-retirement fund.
Howard Bicker, executive director, would not return calls requesting additional information.
