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The plan could allocate up to $500 million to U.S. or global long-only strategies.
The investment committee approved a pair of active large-cap equity managers to replace a factor-based allocation this week.
The retirement system also changed firms for private infrastructure and private real estate consulting services in awarding contracts that also included hedge fund, private credit and private equity.
The firm’s previous chair transitioned to director emeritus.
The foundation is conducting the search for standard due diligence purposes and its incumbent advisor is allowed to rebid.
The firm’s current head will transition to serve as a board member to ensure continuity and a seamless transition.
The university has promoted its v.p. of finance to cfo to oversee its financial strategy as its finance head left the institution to take over a nearby nonprofit organization as ceo.
The fund will consider committing additional capital to two new managers within its endowment at its February board meeting.
The new head of institutional business has been with the firm since 2008.
The $604 million portfolio is currently managed internally by the city.