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The institution has issued an RFP seeking a firm to provide investment advisory services for its endowment, including providing strategic advice on asset allocation and conducting manager searches and selections.
The search is being conducted for best practices.
The hospital system has named a new v.p. and cio to assume investment management duties formerly held by its v.p. of treasury, who now serves as cfo.
The university will consider a new target asset allocation that increases its target to developed markets equity at the expense of emerging markets equity.
The state trust has revised the asset allocation for its reserve pool, increasing its target toward fixed-income at the expense of equities.
The plans’ current provider will see its contract expire at the end of the year.
He previously led the investment consulting firm’s defined contribution team and has now joined Fidelity Investments.
The firm raised $1.5 billion for the fund, which was created to invest in solutions to decarbonize the power industry.
The firm announced the final close of its seventh private equity fund at $20.5 billion in capital commitments.
The search will target domestic long-only REIT managers.