Searches And Hires
The pension plan hired a new manager after increasing its domestic fixed-income target allocation in May.
The plan recently made five real assets and venture capital commitments.
The search is due to underperformance from a current manager.
The pension fund added $11 million in non-core real estate commitments at today’s board meeting.
The retirement fund was scheduled to review a general investment consultant draft RFP this week.
The endowment conduct in-person interviews with three finalists in its domestic large-cap growth index fund manager search at its board meeting this week.
The plan committed $80 million across four funds to complete a recent search in the private equity space.
The pension plan hired a new domestic large-cap growth equity manager and committed to an existing opportunistic real estate manager today.
The firm will begin its new contract on Jan. 10.
The pension plan will consider tweaking its asset allocation for fiscal year 2024 at its board meeting tomorrow and disclosed commitments totaling $450 million at today’s investment advisory committee meeting.
