Searches And Hires
Incumbent RVK will see its contract expire on Dec. 31.
The fund will consider committing additional capital to two recently-hired managers within its portfolio at a special board meeting on March 5 after its original meeting on Feb. 19 was cancelled due to a winter storm.
The fund is slated to receive a cryptocurrency education presentation from an asset manager at this week’s board meeting.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.
The investment advisor will be response for more than $13 billion in assets.
The retirement system selected a new manager following three finalist interviews held last week.
The plan launched a search last year due to underperformance from its incumbent manager.
The plan hired one new manager and retained one incumbent today.
The university has extended the search deadline to next month after issuing the RFP in late January.
The plan has issued an RFP seeking a consultant to advise on matters including program design, investment structure, benchmarks and best practices, among other areas.