Searches And Hires
The college approved renewing the contract of its general investment consultant for one additional year during its May board meeting.
The retirement plan also made a private equity commitment for pacing purposes last month.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The plan is conducting the search for due diligence purposes.
The retirement plan also added a private equity commitment at last week’s board meeting.
The current consultant will see its contract expire at the end of the year.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The retirement system replaced an underperforming U.S. small-cap value equity manager last quarter.
The plan retained its incumbent in 2020 following a similar search.
The plan is nearing a global core equity manager search as it looks to fill a new underlying 20% allocation.
