Searches And Hires
The university made private infrastructure, growth equity and venture capital commitments within its endowment during the third and fourth quarters.
The commitments include three new relationships for the plan.
The plan replaced its domestic mid-cap growth equity manager due to underperformance.
The plan made several commitments in alternatives asset classes in November and December.
The hire concludes a search that was launched in August.
Plans hired a firm for the services following a search conducted in 2016.
The plan went with the incumbent manager in its domestic small-cap value equity search.
The investment advisor will serve for an initial one-year term.
The city is also looking to establish a deferred compensation committee.
A total of six new commitments and two terminations were reported this month.