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The retirement fund invested roughly $24 million with a new emerging markets equity manager last quarter.
The plan launched a search last year to consolidate to a single record keeper from its previous three.
The combined firm will have approximately $750 million in assets under management across five equity strategies.
The authority concluded an RFP process that began in August.
The plan is seeking a successor to a vacant position following a retirement.
The search was conducted last year to evaluate other options.
The private credit manager is looking to raise $1.25 billion.
The university has hired Georgetown University CIO Michael Barry as its next investment head following a search from last year.
Frank Mihail joined the North Dakota Department of Trust Lands as cio in January 2023, where he is responsible for overseeing a three-person team and the agency’s approximately $7.5 billion trust fund portfolio. Mihail, who is tasked with managing overall investment strategies and portfolio construction, directing analyses across asset classes in the implementation of multiple investment strategies and monitoring investment performance, money manager reviews and underlying risks, took the time to answer five questions plus one extra with FIN News.
The retirement system terminated a domestic small-cap growth equity manager last month for performance reasons.