Searches And Hires
The foundation has established a target allocation for impact investments after deliberating on the subject since last year, when it invested in an impact fund.
The plan also added two EAFE equity sub-managers to its emerging manager-of-managers portfolio.
The pension plan hired three REIT managers to evenly split a $250 million allocation.
The plan made hires in the two searches at a Nov. 15 special board meeting.
The retirement system disclosed recent private equity and infrastructure commitments from the beginning of the fourth quarter.
The current consultant will see its contract expire on June 30.
The institution has hired its next cio from a nearby investment advisor and resources platform launched in 2021.
The pacing plans call for a total of $835 million across the two asset classes.
The plan deferred its core-plus fixed-income search to its January board meeting.
The retirement fund is seeking multiple managers to handle approximately $350 million in assets.