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The university has extended the deadline for proposals in its search for investment consultant or other firms to help evaluate operations and processes within its investment office to Oct. 15.
The fund has issued an RFP seeking investment firms and/or financial advisors to provide strategic financial guidance and actively manage investment funds on a day-to-day basis.
The firm has appointed its chief risk officer as president of its asset management business, bringing its asset management subsidiaries together under one pillar.
The system retained five firms to provide investment products and services for its retirement program to conclude an RFP process from last year.
Nonprofit investors can find attractive investment opportunities in precious metals like gold, critical minerals like lithium and agriculture that diversify their real assets portfolio, while also providing a potential hedge against ‘stagflation.’
The organization expects to issue an RFP for investment managers and custodians in the coming months after its new investment advisor reviews its investment policy.
The firm recently held the final close of its private equity strategy that aims to invest in large-scale wetland, stream, water quality, biodiversity and habitat mitigation and restoration projects across the U.S.
The city is seeking investment consulting services for its more than $1.3 billion in trust fund assets.
The executive director’s retirement caps a second stint in the position first assumed in 1993.
Ashish Shah, cio and co-head of public investing at Goldman Sachs Asset Management, will retire at the end of the first quarter.