A fund in the South has issued an RFP seeking firms to actively manage investment funds, which are expected to include an estimated $100 million to $300 million, on a day-to-day basis and provide investment advice.
The fund hired a new cio to oversee and manage its portfolio from a Southwestern defined benefit plan, which its previous investment head left to join last summer.
The firm has named co-heads of Asia ex-Japan fixed-income effective Jan. 3 as part of a measured transition ahead of the retirement of its co-head of emerging markets and head of Asia ex-Japan fixed-income in June 2023.
The university invested $4 billion in the Blackstone Real Estate Income Trust and the firm will provide a $1 billion backstop if the fund does not achieve a minimum annual return of 11.25% for six years.
A turbulent market has highlighted just how difficult it is to provide retail investors access to illiquid investments like real estate and other private assets.
The foundation has hired a new director of investment operations to oversee all operational and investment support functions for its portfolio after its previous director left in the third quarter.