Searches And Hires
The pacing plan and target allocation changes were recommended as part of an annual real estate program review.
The plan also made a $50 million long/short equity investment last month.
The retirement plan awarded a contract in its retirement plan and investment advisor services search last year.
The city interviewed five firms this week after issuing an RFP last year.
The hire concludes a search that was launched in August.
The trust’s existing consultant contract expires this year.
The university system is seeking a retirement plan administrator and record keeper for its 401(a) and 403(b) defined contribution plans.
The system approved a growth private equity commitment with an existing manager within its endowment at its Feb. 1 board meeting.
The foundation is looking to allocate to new impact investments this year as part of its three-year impact investment program targeting housing and healthcare outcomes in addition to a return of capital committed.
The university hired a new investment advisor to oversee and manage its endowment in the fourth quarter following an RFP process approved in the second quarter of 2022.