Searches And Hires
The two international equity managers were placed on watch for performance reasons.
The tribal nation is searching for firms to provide investment management and investment advisory services alongside custodial and record keeping, participant accounting and tax reporting services.
The plan also retained two incumbent managers in its large-cap search.
The pension fund has issued a pair of passive core and high-yield fixed-income manager RFPs.
The plan also made a private equity commitment in June.
The plan agreed to a consultant recommendation to terminate an underperforming international small-cap equity manager this week.
The university hired a new firm to provide investment management services for its financial assets as well as those of its foundation following a search from last year.
The retirement board rehired its incumbent in 2019 following a similar search.
The plan disclosed three commitments totaling $275 million.
The search is for a firm to handle the agency’s $651 million in cash and investments.