Daily Feed
The plan interviewed a total of five firms at today’s board meeting.
The retirement fund disclosed commitments totaling $850 million in October.
The governor will consider passing a law that would bar state colleges or universities in the state from considering ESG-related factors when making an investment decision.
The university’s previous finance head left after two years in the role.
Endowments and foundations have increased their interest in responsible investing practices despite expressing less concern about the economic backdrop, according to the preliminary results of an annual study.
The college savings plan launched a search in the third quarter due to the incumbent firm’s impending contract expiration.
The position leads the investment strategy for the endowment’s private investments portfolio, which includes private equity buyout, growth equity, private real estate, private energy and venture capital.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan also received a hedge fund search report that includes 22 responses.
