Searches And Hires
The retirement system committed to the third fund in a series with an existing fund manager.
The university selected its incumbent investment advisor to conclude an RFP process for an investment advisory firm launched in the third quarter.
The firm has underperformed its benchmark for the quarter as well as the one- and three-year time periods.
The plan interviewed five total private equity firms last quarter.
The deferred compensation plan received one proposal in response to a general investment consultant RFP issued in July.
The firm underperformed in all time periods since inception.
The foundation selected a new general investment consultant to oversee its portfolio after launching a search earlier this year as it had been five years since it last put the services out for bid.
The plan’s initial priority will be to conduct a global core/value equity strategy search to compare with an existing investment manager.
The plan will consider replacing a domestic large-cap equity fund on watch status and approving a new asset allocation for its portfolio at its December board meeting.
The West Coast-based authority issued an RFP for the services in the first quarter.