Searches And Hires
The pension plan also made two commitments at its real estate committee meeting in May.
The search comes after the plan received an education on below investment grade multi-asset credit managers this week.
The search is being conducted due to the closure of one of the retirement system’s investments.
The retirement fund disclosed eight commitments totaling $1.1 billion in July.
The retirement system conducted a similar search in 2018 that resulted in a manager change.
The hire concludes an RFP process that began in January.
The university recently added core fixed-income allocations with an existing manager as part of its goal to divest its portfolios from fossil fuel exposures.
The pension plan hired two infrastructure managers as the result of a newly approved asset allocation policy in the second quarter.
The city is seeking non-discretionary investment advisory services for its $300 million in investment portfolios.
The foundation issued an RFP in the fourth quarter of 2024 as it sought a discretionary firm that could help align its investments with its mission.