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The university is seeking a firm to provide investment advisory, management, custodial and reporting services for a portion of its endowment initially.
Investment associate will be responsible for providing accurate analytics, reporting, investment management and customer support and documentation.
A state trust updated the target asset allocation for one of its portfolios, increasing its targets toward domestic and international equities.
The four new firms help make up the plan’s new $5.2 billion fixed-income structure.
The plan’s incumbent is underperforming and will see its contract is expire this year.
The plan hired all incumbents in its high-yield fixed-income and general investment consultant searches.
Lincoln Financial Group ranked above incumbent Nationwide Retirement Solutions following finalist interviews.
Plan’s consultant is recommending a value-add commitment in 2022 or 2023.
He will retain firm ownership and stay on as a senior advisor.
She will manage the firm’s suite of public market fixed-income products.