Searches And Hires
The retirement system added a $75 million commitment to an existing manager relationship last month.
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.
The university is considering extending the general investment consultant’s contract for an additional one-year period.
The system hired a single record keeper for its five defined contributions plans after launching an RFP process in the second quarter.
The institution approved committing up to $20 million to an existing private equity manager with an additional co-investment with the firm at its investment committee meeting late last month.
The university approved adding a new manager to its endowment to handle a high-yield bond mandate through partial redemptions of two domestic large-cap equity managers.
The institution’s Diversity, Equity and Inclusion Report showed that it has nearly 40% of its domestic assets under management invested with minority- and women-owned investment managers.
The university has added five new U.S.-based managers recently, a report found.
The trust last conducted a similar search in 2020.
The plan also named finalists in its domestic large-cap value equity manager search.