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The plan received an initial presentation on potential changes and new strategies within its equity portfolio at a meeting today.
The plan hired two firms in its diverse private equity fund-of-funds search this week.
A university based in the Midwest retained its investment consultant for its assets at a meeting last week.
New managing director will focus on business development and capital partners.
The new hire will be responsible for equity research on the growth equity manager’s investment team.
Plan will hear potential options related to its international large-cap value mandate due to the underperformance of its current manager.
The plan approved an amendment at today’s meeting that will see its contract with an existing manager terminated later this year.
He will oversee client engagement efforts and fundraising, a spokesperson said.
Plan approved two new fixed-income investments as part of an overall portfolio transition.
He will partner with financial advisors to promote Needham’s suite of growth mutual funds for allocation in client portfolios, the firm said.