Searches And Hires
The plan sees market opportunity due to recent banking failures.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The system completed a similar search for the services in 2019.
The plan has issued RFPs seeking an active core fixed-income manager as well as index managers.
The plan will target $110 million to core managers and $60 million to non-core emerging real estate managers.
The plan will interview three firms in its outsourced cio search next week.
The plan will interview two firms in September as it looks to replace its current manager due to personnel changes and a decline in AUM.
The hire follows a global equity structure review emphasizing alpha generation.
The fund is seeking an investment advisor to invest and oversee its land trust fund, which is currently managed by a state-owned corporation.
The foundation added two hedge fund strategies to its portfolio in the first quarter.