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The university selected its incumbent investment advisor to conclude an RFP process for an investment advisory firm launched in the third quarter.
Virtus Investment Partners has completed the acquisition of a 35% minority interest in Crescent Cove Advisors.
The firm has underperformed its benchmark for the quarter as well as the one- and three-year time periods.
The plan interviewed five total private equity firms last quarter.
Doug Hanly joined the Louisiana State Police Retirement System as its inaugural cio in 2023 from wealth management firm Atala Financial, where he had been cio since 2021.
The new director of fixed-income joined the plan from the New York State Teachers’ Retirement System.
The deferred compensation plan received one proposal in response to a general investment consultant RFP issued in July.
The firm underperformed in all time periods since inception.
The foundation selected a new general investment consultant to oversee its portfolio after launching a search earlier this year as it had been five years since it last put the services out for bid.
The plan’s initial priority will be to conduct a global core/value equity strategy search to compare with an existing investment manager.