Searches And Hires
The system will consider four high-yield fixed-income managers for possible inclusion within its portfolio after launching a search in the fourth quarter due to the termination of the incumbent due to personnel turnover and poor performance.
The university hired a new global equity manager and added a commitment to an existing real estate manager relationship within its endowment last week.
The institution has issued an RFP seeking a firm to develop and implement an investment strategy for managing its portfolio.
The commitments include five new relationships for the plan.
The retirement plan expects to decide between two firms at a meeting next month.
The plan has worked with its existing consultant since 2011.
The retirement plan currently has four global equity managers.
Global equity would be a new asset class for the plan.
The plan is looking for a firm to handle up to $20 million.
The plan’s consultant began a fixed-income structure review that trimmed its active roster.