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The university issued an RFP for the services last year for standard due diligence purposes.
The nonprofit healthcare insurance provider added a senior investment analyst at the University of St. Thomas as an investment manager to its staff in January.
The firm recently closed its oversubscribed fourth fund with $999.9 million in total commitments, reaching its hard cap within four months of launch.
The organization is seeking a firm to handle its portfolio alongside its foundation’s portfolio, including asset allocation advice, investment management, consulting and custody services.
The retirement system agreed to hire a new core fixed-income manager at today’s meeting.
Historic market concentration within the Standard & Poor’s 500 Index has led to a resurgence in active domestic large-cap core equity investing among institutional investors.
The retirement system interviewed two finalists last month.
