Searches And Hires
The plan’s incumbent manager will see its contract expire this year.
The plan made a change in domestic core bond managers due to underperformance from its incumbent.
The plan disclosed various private credit and private equity commitments at today’s board meeting.
The plan hired three firms, including a first-time manager.
The plan committed $120 million total to two existing manager relationships this week.
The plan’s incumbent manager was recently placed on watch for underperformance.
The plan terminated an approximately $182 million long-only alpha mandate and made commitments to three existing and one new manager relationship in January.
The board approved conducting a search for an investment consultant for its more than $2 billion in assets at its meeting in early February.
The institution hired two domestic small-cap equity managers and added two venture capital commitments with existing managers at a meeting late last week.
The foundation has selected a firm to provide non-discretionary investment consultant services for its portfolio following an RFI process launched in the second quarter.