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The university is adding private credit and U.S. Treasury bond strategies to its portfolio after transitioning to a discretionary advisory relationship in the first quarter.
The new asset allocation introduces a 6% target to hedge funds.
The community college has issued an RFP seeking an investment advisor to oversee and manage its portfolio, which is currently allocated exclusively to public domestic and international equities and public fixed-income assets.
The university has revised the investment policy statement for its investment portfolio, shifting its asset allocation toward domestic large-cap equities.
The university hired a director to oversee its capital markets activities after working with higher education and nonprofit institutions to access the capital markets.
The search comes as the current ceo is set to retire in March.
The retirement plans are searching for independent investment consulting services.
The RFPs were approved at last month’s board meeting.
The new hire will focus on fixed-income, whole loans, CRA and real estate.