Searches And Hires
Plan is seeking both general investment consulting and private markets consulting services in an invitation-only search slated to begin next week.
The plans rehired their incumbent consultant following a search conducted last year.
The foundation has issued an RFP seeking a consultant to serve as a partial discretionary advisor to its investment and finance committee and advise on investment policy, asset allocation and investment management.
The institution will come back with a recommendation on how to redeploy the assets from recently terminated public equity and hedge fund managers at a future meeting.
The plan expects to issue the RFP later this month and make a selection in the third quarter.
The plan also closed on commitments totaling $1 billion.
The plan made a U.S. small-cap value equity manager hire at its November board meeting.
The healthcare system is currently conducting asset allocation studies for its operating fund and pension plan after receiving an education from its investment consultant on new asset classes including, private equity, private debt and real estate at a November workshop.
The plan selected a new program manager as its board meeting this week following a search from late 2022 due to the incumbent provider’s contract expiration.
The plan is currently administered by Nationwide Retirement Solutions and MissionSquare Retirement.