Searches And Hires
The authority has issued an RFP seeking an investment advisor to oversee and manage its operating and other post-employment benefit trust funds.
The foundation opted to retain its incumbent manager for its portfolio following a search from the third quarter as its policy requires the services be put out for bid every six years.
Plan reviewed a search report that proposed three domestic small- to mid-cap value finalists for its $25 million mandate.
The plan’s incumbent consultants had their contracts renewed until early 2024.
The plan is conducting a mid-cap value manager replacement search as its incumbent manager has lost assets and the plan’s assets made above 40% of the investment product.
The plan is searching for two emerging market debt managers and one high-yield fixed-income manager.
Plan is seeking proposals from direct lending, opportunistic and distressed/special situations private credit funds that are currently fundraising.
The plan is seeking an international equity manager to handle a $35 million allocation.
The contract of the plan’s incumbent high-yield fixed-income manager will expire this year.
The foundation is looking to build out its private investments over the coming years after revising its target asset allocation and significantly increasing allocations to several alternative asset classes in fiscal year 2022.