Cash
The hire concludes an RFI that was sent to seven overlay managers in September.
The selected manager will handle up to $15 million.
The religious institution hired a new bank custodian for its investment fund and socially responsible investment fund.
The pilot program is expected to launch in mid-October and implementation is slated for January.
The plan approved a futures overlay manager search to remove its cash drag and also hired a new infrastructure manager yesterday.
The 529 plan increased its cash target in anticipation of significant cash outflows over the next two years with funding coming from reductions to fixed-income and public equities.
Program is seeking up to two firms to handle four investment options.
The foundation, formed from the recent acquisition of a regional hospice and palliative care provider, is searching for a firm to help update the governance and investment management process for its portfolio.
The plan is looking for a manager to implement a cash flow driven investing program.
The plan is searching for a firm to provide cash overlay investment management services.