Alternatives
The searches will help fill out an asset allocation approved in 2021 that included new targets to the asset classes.
Smaller endowments should reassess their portfolios to incorporate private equity as opportunities for greater returns arise.
The firm formed a private investment company to source, research, deliver and manage private investments for clients and has named one of its partners to head the entity.
The plan’s general investment consultant informed the board that an RFP would go out this year.
The plan committed to new funds with two existing managers.
The plan’s incumbent consultant was first hired in 2015.
The plan recently terminated its risk premia manager due to investment process and performance concerns.
The plan added $120 million across two commitments with existing manager relationships in recent weeks.
The firm promoted a director to managing director, two v.p.s as principals and a senior analyst to v.p.
A study finds that 96 of the 100 active investment managers and analysts currently use alternative data to support their strategies.