Searches And Hires
The foundation is searching for investment advisors to advise, manage and administer its reserve fund as well as develop and implement an investment strategy.
The funds are being moved to an international index fund managed by Fidelity Investments.
The plan approved a consultant switch at a board meeting today.
The search will be for index products covering “various strategies with differing fund and account types and across numerous geographies and markets.”
The termination recommendation stems from fixed-income structural changes approved last summer that eliminated sub-asset class targets in core-plus and high-yield.
Global equity represents a new asset class for the retirement system.
The college system has selected two investment advisors for its retirement plans after reissuing an RFP for the services earlier this year.
The trust fund has hired an international small-cap equity manager over two other finalists following a search and rehired its general investment consultant following an RFP from the second quarter.
The foundation is seeking an investment manager to handle its portfolio and develop an investment strategy.
The fund has issued an RFP seeking an investment advisor to handle its portfolio due to the upcoming contract expiration of its incumbent provider.