Searches And Hires
The university has selected a firm to provide investment advisory, management, custodial and reporting services for up to approximately $6 million of its endowment initially following a search from the second quarter.
The plan initiated a search last summer seeking a consultant for its deferred compensation and retiree health savings plans.
The plan made a hire in its search for an investment manager last summer after its incumbent resigned.
The $200 million in total committed capital includes a new manager relationship.
Plan pushed finalist selection and interviews one month each to allow more time to review RFP submissions.
The plan currently has $64 million invested in stable value within its participant-directed plans.
The plan narrowed its domestic small-cap value equity search to three finalists and concluded its diverse fund-of-funds search.
Plan has launched a private credit RFP intended to fill a maiden allocation to the asset class.
The fund has issued RFPs seeking equity and fixed-income managers.
The university is seeking an investment manager to oversee almost $250 million in operating investment portfolios as its incumbent provider’s contract is set to expire in July.