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The discretionary advisor recently hired the co-head of investment operations at a large investment manager to serve as its coo and oversee its daily operations.
The university has committed to avoid direct investments in fossil fuel companies and will not seek out or renew private funds investing in fossil fuels after previously rejecting fossil fuel divestment in 2016.
The university established new investment lineups with new and existing managers for its 457(b) and 403(b) plans following a review from its general investment consultant and a retirement advisory committee.
The Santa Monica, Calif.-based outsourced cio firm is overweight on asset classes that capitalize on a strong U.S. economy buoyed by strong economic and consumer activity.
The firm recently added a new member to its business development team to support its deal origination efforts and focus on building relationships with corporate sellers.
The federal agency is seeking information from potential banking and investment management service providers as part of market research.
The plan hired a new general investment consultant in the second quarter after conducting a search for the services last year due to the contract expiration of the incumbent provider, which submitted a proposal.
The associate director will contribute to investment decisions across the portfolio, with a focus on private asset classes, including buyout, growth equity, venture capital real estate and natural resources.
The system expects to receive a recommendation from its general investment consultant to reinvest funds at a future board meeting after approving the termination of a hedge fund manager last week.
The university is conducting a review of its asset allocations alongside its general investment consultant as it typically conducts a study every three years.