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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.
Hire was most recently a v.p. and senior portfolio consultant at Fieldpoint Private.
Plan reallocated its $2.7 million international small- to mid-cap growth equity investment to an existing MSCI ACWI ex-U.S. Index fund.
Internal promotion succeeds current president and ceo, who is retiring at year end after more than 17 years in the role.
Boston-based private equity manager hired a director in its Mumbai, India office to focus on technology, healthcare, consumer, business and financial services companies.
University has awarded a new investment advisor and an incumbent advisor in its search for firms to handle its portfolio on a discretionary basis from last year due to the contract expirations of the incumbent providers.
The plan is looking to invest $8 million in the asset class for the first time.
