Consultant/OCIO/Discretionary
The program approved the addition of a new small-cap value fund to replace an existing strategy within a lineup of underlying fund managers and rehired its investment consultant for a three-year term.
The plan’s consulting contracts are slated to expire in the first quarter of 2025.
The current consultant will see its contract expire next year.
The foundation has issued an RFP seeking a firm to help it conduct a search for an outsourced cio to manage its portfolio.
The new consultant will begin its new five-year contract in February.
The pension fund approved the search for a maiden private markets consultant at a board meeting earlier this month.
The contract will run for three years with the option to extend for two one-year terms.
The plans last issued an RFQ for investment consulting services in 2023.
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.
