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The new hire will oversee both administration and investment for the plan.
The plan’s emerging-manager-of-managers is replacing an international equity firm due to a personnel change.
The plan has issued its RFP for minority-, women- and diverse-owned private equity managers to handle up to $50 million.
The combined firm has over $745 billion in assets under administration.
The search is for a manager to handle six index funds.
The search is due to the expiring contracts of two incumbents managing a total of $440 million.
They will oversee private assets, public fixed-income and investment strategy.
The plans are seeking a single firm to provide comprehensive services for their assets.
A university foundation based in the South rehired its incumbent investment consultant following an invitation-only process from last year.
He is responsible for research, analysis and evaluation of investment managers.
