Searches And Hires
The foundation recently approved an equity investment with a diverse manager within its endowment and mission-aligned investment pool after tracking the firm for years through its investment consultant.
The retirement system is seeking a Standard & Poor’s 400 Index manager.
The fund will discuss potentially conducting a search to replace its incumbent small-cap value manager due to underperformance.
The two commitments were made for pacing purposes.
The board hired an infrastructure manager and adopted a new asset allocation policy in April.
The plan is considering a 5% dedicated allocation to the new asset class.
A foundation based in New England is looking to hire an investment manager to oversee its approximately $100 million investment portfolio.
The plans are looking to consolidate retirement services to a single firm.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The village expects to select a firm at its Aug. 4 board meeting.