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The investment advisor will serve for a three-year term.
Geeta Kapadia is Fordham University’s second cio, tasked with overseeing and managing its approximately $1 billion endowment and building out its investment office. She took the time to answer 5 Questions, plus a few extra, with FIN News.
The state investment management board is searching for a long-only separate account manager for the asset class.
The plan began a search for investment advisor services for its $34 million fund in June.
Direct lending would represent a new strategy for the plan.
The plan began a search last November that was canceled earlier this year.
The pension fund’s 3% portfolio to the asset class is currently held in an index fund.
The plan is seeking managers to handle $30 million.
The Ivy League university’s investment management arm hired an investment director from another institution as its next president to succeed its current investment head, who is set to retire in June 2024 after nearly three decades of service.
The plan hired two diverse-owned bond managers to complete a search launched earlier this year.