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Archer serves as v.p. and cfo at the Lumina Foundation and directs the investment strategies for its approximately $1.4 billion endowment.
The plan opted to hire a new general investment consultant after 10 years with its incumbent.
The new hire previously served as senior manager of investments at the $2.5 billion Montgomery County (Md.) Public Schools Pension & Retirement Plan.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The new manager replaced an existing firm in the second quarter.
The plan recently made $285 million in private markets commitments.
The current executive director has worked at the fund for 27 years.
The oversubscribed fund achieved its hard cap of 300 million.