Cash/Currency
The selected manager will handle approximately $373 million.
The plan approved a futures overlay manager search to remove its cash drag and also hired a new infrastructure manager yesterday.
The plan replaced the cash overlay provider for its Commingled Trust Fund and approved two private equity commitments yesterday.
The plan hired a passive international equity manager in an effort to implement a hedging program and will see their first investment officer depart next week.
Plan disclosed a $25 million buyout commitment and axed a currency overlay mandate in June.
The agency retained two of its existing investment managers at yesterday’s board meeting.
A Midwestern plan hired a currency overlay manager and added commitments totaling $508 million this month.
A university in the Midwest has hired a cash pool advisor.
Despite some signs in the market signaling a recession, investors with long-term endowments have many reasons for optimism, according to a foundation based in the Mid-Atlantic region.
A Texas-based university approved full redemptions from a hedged equity and real assets manager last month.
