Searches And Hires
Infrastructure marks a new asset class for the retirement fund.
The township had worked with Fifth Third Bank since 2023.
The council originally issued an RFP for the services in April.
The retirement system also hired new domestic small- to mid-cap equity managers in June.
The retirement system has issued its RFP seeking a U.S. small- to mid-cap equity manager to handle approximately $60 million.
The foundation hired a new investment consultant to take over duties from its incumbent consultant later this year following a search for the services.
The university recently swapped out a small-cap value equity strategy for a Standard & Poor’s small-cap exchange-traded fund in the first quarter.
The 529 plan added a domestic mid-cap value equity strategy and swapped responsible equity investments at a meeting last month.
The funds hired 14 investment managers to conclude a search for firms to help manage their portfolios from last year.
The university is seeking firms to assess middle office solutions within its investments office, including operations functions that bridge the gap between front office and back-office activities.