The system hired a single record keeper for its five defined contributions plans after launching an RFP process in the second quarter.
The institution approved committing up to $20 million to an existing private equity manager with an additional co-investment with the firm at its investment committee meeting late last month.
The university approved adding a new manager to its endowment to handle a high-yield bond mandate through partial redemptions of two domestic large-cap equity managers.
The firm hired a v.p. and investment consultant from an investment consultant based in New England.
The institution’s Diversity, Equity and Inclusion Report showed that it has nearly 40% of its domestic assets under management invested with minority- and women-owned investment managers.
The university has added five new U.S.-based managers recently, a report found.
The system hired a new treasurer and cio to oversee its cash, debt and investments in the second quarter with the individual beginning in the role in late July.
The college elected two new board of trustees members, including one with investment experience, at its board meeting in the second quarter.
The university will consider adding a new manager to its endowment to handle a high-yield bond mandate through partial redemptions of two domestic large-cap equity managers.
The institution is seeking an investment manager to provide investment strategies and solutions to maximize investment returns for its operating, long-term, endowment and surplus funds.