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The state has issued an RFP seeking a general investment consultant on behalf of its college savings program, several endowments and pension plans.
Institutional investors are making tactical or long-term strategic shifts amid concerns over the impact of U.S. tariffs and trade policies, according to a recent survey conducted by global research firm CoreData Research.
The pension’s investment committee introduced a 2.5% target to non-core real estate at this month’s investment committee meeting.
The retirement system also concluded its private equity and index manager searches.
Tacora Capital Management has raised $685 million for its second fund.
The plan was slated to hire replacements for two incumbent core real estate managers last week.
The retirement system will add three active core fixed-income managers to its portfolio.
Columbia will likely avoid the 1.4 percent endowment tax that it could have been subject to under the newly reformed endowment tax tier system introduced in President Donald Trump’s tax and spending bill.
The city received five proposals in response to its RFP seeking investment management services.
The firm’s newest senior consultant joins from CAPTRUST Financial Advisors.