Searches And Hires
The plan committed $10 million to an existing real estate debt manager yesterday.
The plan’s incumbent was first hired in 1997.
The fund canceled its RFP seeking a non-discretionary investment consultant to oversee its trust fund late in the fourth quarter as the consultant’s contract was slated to begin Dec. 1.
The plan has begun searches for international equity and core and non-core real estate managers.
The current consultant will see its contract expire this year.
The plan made the hires after restructuring its international equity and U.S. fixed-income manager portfolios.
The plan adopted a new asset allocation policy after receiving an asset/liability study in October.
The plan anticipates committing up to $565 million total to the two asset classes this year.
The university will invest an additional $500 million in the REIT on March 1 and the investment will have the same structure, terms and fees as the initial investment.
The college has hired an investment consultant to wrap up its search for a firm for its short duration operating fund portfolio.