Searches And Hires
The treasury first discussed the search last year for its $1.7 billion liquidity and $4.2 billion reserve accounts.
The pension plan disclosed commitments totaling $1.5 billion in the fourth quarter.
The pension plan committed up to $65 million total to private credit and private markets managers yesterday.
The three firms will vie for a $25 million mandate next month.
The request for expressions of interest has been launched to keep pace with plans to build out the investment fund’s private equity portfolio.
The retirement system’s incumbent consultant was last rehired in 2019 after a similar search.
The village received 12 proposals in response to an RFP issued in September.
The plans are reviewing recommendations to replace three existing managers.
The retirement plan’s incumbent manager was placed on watch today for performance and organizational issues.
The university made several re-up and add-on commitments with existing developed equity, hedge fund and private equity managers within its portfolio during the third quarter.