Searches And Hires
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
The firm’s contract was set to expire later this year.
The review may lead to replacement searches for two incumbent managers.
The pension plan hired a private equity consultant to help implement its maiden 5% target to the asset class today.
The firm was rehired this week after the plan issued an RFP in March.
The plan approved a search today as a potential alternative option to its incumbent manager.
The plan is seeking diverse-owned firms to handle short-term TIPS and long-term U.S. government bond managers to preferably run the allocations in passive or enhanced index strategies.
The university has invested a portion of its endowment in the real estate partnership that owns the art deco-style skyscraper and two adjacent surface parking lots and parking structure to take a majority ownership stake.
The plan is looking to commit more than $900 million to private markets.
The plan made a hire at a special board meeting last month.