Searches And Hires
The university has issued an RFP seeking firms to invest its cash reserves in low-risk liquid investment instruments after conducting a similar search in 2016.
The university also revised the scope of services in the search to include managing funds after it issues
bonded debt.
The plan expects to select a general investment consultant in November.
The authority is seeking plan bundled services on behalf of its 457(b) deferred compensation plan.
The plan added a follow-on private equity commitment to a middle market buyout manager.
The search comes as the incumbent’s contract is set to expire at the end of the year.
The selected firm will manage the city’s investment portfolios on a daily basis.
The plan is conducting the search as part of a due diligence process and the incumbent was last rehired in 2010.
The plan approved commitments to two existing managers.
The plan is seeking active core and core-plus bond managers to handle roughly $125 million each.