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A community foundation based in a Southern state has hired an investment advisor for its long-term pool.
The plan will also begin a search for a Standard & Poor’s 500 Index manager.
Plan expects to issue the RFP next month due to the contract expiration of its incumbent.
The new hire was most recently head of infrastructure equity at Aviva Investors.
She will develop the firm’s overall sales strategies and direct all external sales activities.
The plan approved commitments to private credit and non-core real estate at a meeting today.
The new hires will expand the firm’s client base in the Americas.
The $1.8 billion deal is expected to close in the second quarter.
A Great Lakes plan expects to issue an RFI for investment consulting and custodial services in March.
The plan will begin a domestic small-cap growth equity search in the next couple of weeks to be followed by core bond and small-cap value searches.