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A U.S. representative in the South has reintroduced legislation to institute an excise tax on the endowments of 11 U.S. universities to 6% from the current 1.4%.
The firm has raised $3.5 billion in total capital for its eighth private equity fund.
The pension plan made a core bond investment as well as an infrastructure commitment totaling $210 million last week.
The plan voted to hire new general investment and alternatives consultants at last week’s board meeting.
The plan received four proposals in response to its record keeper search.
Dan Bienvenue has been with the plan for 21 years and served as interim cio on two occasions during his tenure.
The authority is searching for a retirement plan consultant to perform investment practices and performance evaluation.
The search is being conducted due to the upcoming contract expiration of the program’s incumbent.
The private equity manager closed its sixth fund with $1.35 billion in investor commitments.
The plan approved launching a mid-cap index search for compliance reasons.