Consultant/OCIO/Discretionary
The hire concludes a search launched in May for best practices.
The university approved a new investment policy with asset allocation changes for its endowment, including increases to global equity and private equity, and its retirement plan, including an increase to private debt.
The university is seeking a firm to provide investment selection within its 403(b) plan as well as evaluate and monitor the plan’s record keepers.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The plan will vote to go back to a former general investment consultant next week.
The plan is looking to create two pools of investment consultants.
The plan will consider consolidating its consulting services with one firm at a meeting this week.
The trust last conducted a similar search in 2018.
The pension fund also concluded an emerging market debt manager search with a hire at today’s board meeting.
The plan has transitioned away from a general investment consultant relationship.