Searches And Hires
The plan added a core strategy to diversify its existing domestic large-cap equity portfolio consisting of value and growth managers.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.
The university has issued an RFP seeking firms to invest its cash reserves in low-risk liquid investment instruments after conducting a similar search in 2016.
The university also revised the scope of services in the search to include managing funds after it issues
bonded debt.
The plan expects to select a general investment consultant in November.
The authority is seeking plan bundled services on behalf of its 457(b) deferred compensation plan.
The plan added a follow-on private equity commitment to a middle market buyout manager.
The search comes as the incumbent’s contract is set to expire at the end of the year.
The selected firm will manage the city’s investment portfolios on a daily basis.