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The university has hired an alumnus to join its investment team as a managing director tasked with designing, sourcing and maintaining a portfolio of alternative investments.
The role had been filled by an investment team member that left last year to join a global private markets manager as a partner focused on primary investments.
The university added a new global public equity investment and a private equity commitment with existing managers within its endowment in the fourth quarter.
The investment consultant will provide advisory services to support the management and optimization of the university’s investment portfolio, which includes defined contribution, optional retirement and voluntary savings plans.
Fund is seeking a firm to serve as co-fiduciary and provide full service non-discretionary investment consulting services for its private markets portfolio mandates.
The firm’s newest partner will be tasked with leading investor relations and capital formation.
Authority expects to award a contract with a selected firm on Friday for services on behalf of its 457(b), 401(a) and retirement health savings plans.
The retirement system was slated to terminate a U.S. large-cap growth equity manager last month.
The retirement system last conducted a similar search in 2018.
The plan expects to add eight additional non-U.S. equity managers over the next two months.
