Searches And Hires
The college has launched an RFP for an investment advisor after approving a new investment policy statement in April.
The fund is removing a bond overlay as market monitor signals have moved to short from neutral and is also increasing two infrastructure commitments within its portfolio.
The college approved renewing the contract of its general investment consultant for one additional year during its May board meeting.
The retirement plan also made a private equity commitment for pacing purposes last month.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The plan is conducting the search for due diligence purposes.
The retirement plan also added a private equity commitment at last week’s board meeting.
The current consultant will see its contract expire at the end of the year.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The retirement system replaced an underperforming U.S. small-cap value equity manager last quarter.
