Searches And Hires
The university issued an RFP for the services last year for standard due diligence purposes.
The organization is seeking a firm to handle its portfolio alongside its foundation’s portfolio, including asset allocation advice, investment management, consulting and custody services.
The retirement system agreed to hire a new core fixed-income manager at today’s meeting.
The retirement system interviewed two finalists last month.
The treasury will issue an RFP next year for its liquidity and reserve accounts.
The retirement system is seeking one or more managers to handle a mandate expected to range from $200 million up to $400 million.
The pension plan recently made $1.5 billion in total commitments and terminated two existing managers.
The plan’s existing high-yield fixed-income managers had been on watch for performance reasons.
The trust will also consider a core-plus real estate manager in May.