Searches And Hires
The plans currently work with general investment consultant Innovest Portfolio Solutions.
The $300 million in total commitments went to existing managers.
The incumbent consultant was awarded a new eight-year contract.
The plan disclosed commitments totaling $300 million at a meeting last month.
The retirement system added a $75 million commitment to an existing manager relationship last month.
The fund was slated to receive recommendations to restructure its real estate portfolio and add extended equity managers to its portfolio at its board meeting last week.
The university is considering extending the general investment consultant’s contract for an additional one-year period.
The system hired a single record keeper for its five defined contributions plans after launching an RFP process in the second quarter.
The institution approved committing up to $20 million to an existing private equity manager with an additional co-investment with the firm at its investment committee meeting late last month.
The university approved adding a new manager to its endowment to handle a high-yield bond mandate through partial redemptions of two domestic large-cap equity managers.