Searches And Hires
The plan made four follow-on commitments totaling $625 million.
The foundation has selected a new investment manager to succeed its incumbent, who had been providing the services since 2004, after issuing an RFP last year.
The university is searching for an outsourced cio provider for its endowment and operating fund portfolios as it is in the process of finalizing a new investment policy statement.
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.
The plans are seeking an investment consultant to monitor investments, conduct annual due diligence meetings with investment managers, provide quarterly reports and annual reviews.
The agency issued an RFP in March due to the incumbent’s contract expiration.
The plan selected two international small-cap value equity managers to conclude its search for a firm in the fourth quarter due to underperformance from the incumbent.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The pension plan expects to commence the contract on Nov. 19.
The plan made three commitments with existing manager relationships.