Searches And Hires
The retirement system rehired its incumbent in 2018 after a similar search.
The fund approved a recommendation from staff and its general investment consultant to make a co-invest commitment to an infrastructure fund-of-one with an existing investment manager in its portfolio.
The university added new hedge fund, private real asset and private equity commitments on the heels of terminating two hedge fund managers and one international equity manager within its endowment this summer.
The investment consultant will provide strategic investment advice and maintain appropriate risk levels for the association’s portfolio, which could grow to $400 million in assets in the next decade.
The university revised its asset allocation this month, increasing its target to alternative investments, as recommended by its discretionary advisor.
The retirement system also replaced its domestic small- to mid-cap core equity manager last month.
The pension system will invite three finalists to present at its board meeting in November.
The authority is seeking a firm to provide investment policy review and compliance support, among other services.
The plan also eliminated its target to TIPS as part of an overall asset allocation change.
The city is conducting the search due to its incumbent’s expiring contract.
