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Former Mass General CIO John Barker has joined the Canadian asset management corporation as its investment head and will be tasked with diversifying its portfolio, which has been comprised of Mastercard Class A common stock since its founding in 2006.
The retirement fund is conducting the search due to state statute.
Brady O’Connell joined Cliffwater after more than eight years with the investment consulting firm.
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
ICG has appointed David Saitowitz as head of U.S. liquid credit.
The current consultant’s contract is slated to expire on June 30.
The plan last conducted a real estate consultant search in 2017.
The asset allocation changes resulted in several manager hires and terminations at the retirement system’s November meeting.
The plans launched a search in September as they looked for improved investment performance.
The university added six alumni, including one with investment experience, to its board of trustees in recent months.