News
Extensive and timely coverage of the institutional industry.
The plan is seeking to consolidate to one provider from its current three through an RFP process.
The plan will seed a new strategy headed by a former senior managing director.
The pension system added up to $175 million in new commitments in April.
The pension plan approved a pair of real estate commitments at a board meeting last week.
The pension fund may receive a recommendation on more specialized managers in the asset class later this summer.
The retirement association was notified of two real estate commitments and one private equity commitment last week.
Brendon Reay serves as managing director of investments at the Bush Foundation, leading management of the Minneapolis-based foundation’s approximately $1.5 billion endowment. Reay took the time to answer five questions with FIN News.
The firm’s managing director of institutional sales had joined in September 2014.
The search follows underperformance within the asset class.
The plan interviewed four finalists in the search last month.