Searches And Hires
The investment consultant will advise on the county’s deferred compensation plan and OPEB plan.
The asset class will represent a new investment for the plan.
The plan discussed three commitments last quarter totaling $75 million.
The university rehired its incumbent operating funds manager after issuing an RFP at the beginning of the year.
The strategic plan calls for committing $300 million to the asset class.
The plan approved an RFP seeking value-add real estate managers to handle $7 million.
Decision follows a partial acquisition of the incumbent firm that has left its equity team with $800 million in assets under management.
The plan added a core strategy to diversify its existing domestic large-cap equity portfolio consisting of value and growth managers.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.