Daily Feed
The university revised its asset allocation this month, increasing its target to alternative investments, as recommended by its discretionary advisor.
The investment director for an asset manager recently left to join a southern hospital as a senior investment analyst to help oversee and manage its portfolio.
The retirement system also replaced its domestic small- to mid-cap core equity manager last month.
The partnership matches the firms’ expertise in fixed-income, inflation-sensitive and small-cap equity strategies.
The search is due to the contract expiration of its incumbent investment consultant.
The pension system will invite three finalists to present at its board meeting in November.
The market managing director previously worked at PNC between November 2010 and December 2012.
The oversubscribed fund surpassed its $875 million target.
Mario Giannini, executive co-chair of private markets firm Hamilton Lane, will retire next year.
The agencies have issued an RFP seeking investment advisory services for a combined portfolio valued at approximately $1.8 billion.
