Searches And Hires
The retirement plan replaced its domestic core-plus fixed-income manager following a bond manager review in May.
The city issued an RFP seeking services for approximately $200 million in assets.
The plan’s general investment consultant will see its contract expire next year.
The plan will move the assets from the underperforming manager to cash for use in making benefit payments.
The incumbent’s five-year contract is nearing its end.
The university added an international equity investment with an existing manager within its portfolio in the fourth quarter.
The foundation has invested in a mission-driven financial institution’s program that will support critical investments in the facilities, financial health and overall growth of historically Black colleges and universities across the country.
The pension plan added a private credit commitment alongside private equity and real estate co-investments in July.
A university foundation based in a Western state has approved several commitments, including allocations to opportunistic credit and venture capital strategies.
The plan is expected to issue the RFPs next month.