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Foundation hired a real estate manager as part of increasing its allocations to real estate and real assets last year.
Senior investment associate will help with portfolio decision-making concerning hospital’s private investments portfolio comprised of private equity and real assets.
Investment advisor will oversee the system’s 403(b) plan and two 401(a) defined contribution retirement plans totaling $5.8 billion in assets.
Partner and v.p. of operations will create, implement and oversee strategies for operational processes, internal infrastructures and other logistical policies for the farm and farm-related real estate manager.
The new office in Carlsbad, California will serve clients across the Southern region of that state.
Current finance head is set to retire at the end of the second quarter.
Revised asset allocation raises private equity and real assets targets for long-term investment pool to take advantage of its long-term investment horizon and add more balance to the portfolio.
Director of investments left the foundation last month after more than four years to join a financial services company’s private capital advisory team.
The plan last conducted a search in 2015.
The borough has issued an RFP seeking an investment advisor for its three pension funds.