Searches And Hires
The foundation is considering introducing alternatives investments within its portfolio after hiring a new firm to provide non-discretionary investment consulting services to conclude an RFP process from last year.
The nonprofit is seeking firms to provide discretionary investment management services for its up to $40 million in assets.
The search is being conducted due to incumbent Callan’s upcoming contract expiration.
The university recently rehired its incumbent investment manager to oversee its operating fund portfolios, extending its contract with the firm through July 2029.
The retirement system terminated its global large-cap growth equity manager last month.
The board also recently made a private equity commitment.
The termination stems from personnel turnover at the firm.
The consultant will be responsible for a pension fund and an OPEB Trust.
The retirement system retained its incumbent after an RFP process last quarter.
The plan is seeking a firm to handle its $511.5 million domestic small-cap value equity option.
