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The health system anticipates its new general investment consultant, which was hired in the first quarter, will recommend adding new passive investment managers and potentially private investment strategies to its portfolio next year.
The plan also held finalist interviews with three large-cap value equity managers last month.
The firm has launched a new team focused on private markets to invest in middle market private infrastructure companies in the energy generation and storage, transport and mobility and circular economy sectors in emerging Asia excluding China.
The foundation liquidated a core-plus fixed-income mandate and replaced two emerging markets equity managers in the third quarter.
The firm has hired for the newly created role of director of institutional operations to oversee its operational processing, including institutional reporting and account administration, for its endowment and foundation clients.
The managing director left the trust in the second quarter to join an East coast-based investment adviser focused on U.S. credit as a managing partner.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
Kevin Blitz joins the firm’s direct lending platform as a managing director.
The hospital’s new senior investment analyst was formerly a portfolio director at the Texas Municipal Retirement System.
The pension plan made $734.7 million in total private equity/current return commitments and $321 million in total real estate commitments in the third quarter.