Searches And Hires
The 529 college savings plan added a mega-cap growth equity strategy as an underlying fund to replace a large-cap growth fund in an effort to move to a lower-cost passive strategy.
The system approved removing a diversifying strategies investment and adding a public equity investment with a new manager within its endowment and liquidity pools this month.
The college savings plan is seeking an investment consultant to advise on evaluating its current and prospective investment options as well as on how to expand its offerings to investors.
The proceeds will fund a new mandate from July.
The state’s technology and research fund made a new $10 million commitment to a venture firm to promote technological innovations regionally.
The plan’s RFP received a total of 16 open-end real estate products.
The fund is looking to invest in artificial intelligence-native hedge funds as it finds the biggest funds have been slow to adapt.
Empower currently provides the services for the deferred compensation plan.
The plans had been slated to issue the RFP following the onboarding of new investment advisor Innovest Portfolio Solutions earlier this year.
City manager and council approval of a selected firm are scheduled for Aug. 10.
