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A recent webinar showed that investor demand for private assets is creating more need for customized private asset portfolios.
The investment manager added a head of fixed-income trading and a director and portfolio manager of another asset manager as portfolio managers and managing directors on its emerging market debt team.
The fund approved a recommendation from staff and its general investment consultant to make a co-invest commitment to an infrastructure fund-of-one with an existing investment manager in its portfolio.
The university added new hedge fund, private real asset and private equity commitments on the heels of terminating two hedge fund managers and one international equity manager within its endowment this summer.
The investment consultant will provide strategic investment advice and maintain appropriate risk levels for the association’s portfolio, which could grow to $400 million in assets in the next decade.
The university revised its asset allocation this month, increasing its target to alternative investments, as recommended by its discretionary advisor.
The investment director for an asset manager recently left to join a southern hospital as a senior investment analyst to help oversee and manage its portfolio.
The retirement system also replaced its domestic small- to mid-cap core equity manager last month.
The partnership matches the firms’ expertise in fixed-income, inflation-sensitive and small-cap equity strategies.
The search is due to the contract expiration of its incumbent investment consultant.