Daily Feed
The college savings program added active bond strategies to replace two passive strategies to provide greater flexibility in country and security selection.
The firm has named its next investment head as its current cio is set to retire at the end of the year after more than 16 years of service.
The plan is considering shifting its small- and mid-cap manager relationships as part of a broader discussion about the domestic equity portfolio.
The new manager joins two global equity managers that were hired last year.
The plan disclosed an up to $20 million private credit commitment last month.
The plan committed to an existing private debt manager relationship in March.
The selected firm will serve from July 1 through June 30, 2028.
The new hire will join TCW in October from American Century Investments.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.
The National Association of College and University Business Officers and Commonfund have launched their latest study on higher education endowments, which will be published next year.