Searches And Hires
The current consultant’s contract is slated to expire on June 30.
The plan last conducted a real estate consultant search in 2017.
The asset allocation changes resulted in several manager hires and terminations at the retirement system’s November meeting.
The retirement system concluded its consultant search after relaunching it in September.
The plan selected two firms in its infrastructure manager search.
The plan received three responses to a passive equity manager RFP issued in August.
The university is still searching for sustainability-focused investments after reaching its initial socially responsible investment goal created five years ago.
The district issued an RFP in May as the plans had not previously utilized an advisor.
The university fully liquidated a hedge fund investment within its endowment in the fourth quarter and reinvested the proceeds in a money market fund.
The institution approved new hedge fund, private equity and venture capital commitments in the fourth quarter.