News
Extensive and timely coverage of the institutional industry.
The district issued an RFP in November seeking a manager for its bond proceeds.
The new manager replaces the plan’s mandate with Western Asset Management.
The position will report to Deputy CIO of Private Markets Allen Waldrop.
The plan launched a search over the summer for the position after the retirement of Kanoe Margol.
The plan is seeking firms to provide general and alternatives consulting services.
Several prominent foundations and endowments changed investment heads over the course of 2024.
Several nonprofit institutions changed their asset allocations or investment policies this year, boosting allocations to private equity and public equities.
Nonprofits were busy hiring investment consultants and outsourced cios to oversee their portfolios this year including seven that swapped out their incumbent for new relationships and five that handed over their investment management responsibilities to discretionary providers from either an internal team or a general consultant.
Investment consulting and advisory firms that cater to endowments, foundations and health systems experienced further consolidation in 2024, as many merged or were acquired while others opened shop or shuttered.
The incumbent provider will see its contract with the plans expire in August.