Searches And Hires
The search stemmed from a discussion regarding a possible restructuring of the plan’s opportunistic fixed-income portfolio at a meeting yesterday.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
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.