Searches And Hires
The university disclosed follow-on venture capital and private equity commitments made in the first and second quarters of 2023 within its long-term portfolio.
The plan retained Nationwide Retirement Solutions as its record keeper in February.
The Southern pension plan last conducted a search for the services in 2019.
Pension has narrowed a search for a complementary manager to three finalists.
The retirement system last conducted a similar search in 2010.
The system will introduce a target to asset allocation leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
The firm’s contract was set to expire later this year.
The review may lead to replacement searches for two incumbent managers.