Searches And Hires
The pension plan approved four commitments totaling $195 million at last week’s investment committee meeting.
The searches follow a review of the overall asset class this week’s meetings.
The plan swapped out an underperforming international equity manager at a meeting this week.
The hire concludes a search launched in May for best practices.
The plan is seeking strategies to replace a core-plus mandate with Western Asset Management.
The college is seeking an investment advisor to provide strategic advice and management of bond proceeds throughout the life of the bond.
The organization pivoted its asset allocation toward domestic large-cap equities as part of revisions and also added a real assets strategy.
The plan has terminated an international growth equity fund after placng the manager on watch due to upcoming leadership changes and reinvested the assets with an existing manager in the portfolio.
The university approved a new investment policy with asset allocation changes for its endowment, including increases to global equity and private equity, and its retirement plan, including an increase to private debt.