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The economic development corporation has issued an RFP seeking firms to provide investment management and custodial services for a museum fund expected to be approximately $40 million.
The plan unanimously decided to retain its outsourced cio after an RFP process.
The plan is also slated to discuss alternative asset mixes for its fixed-income portfolio.
The selection concluded a search launched in the second quarter.
The decision came as the firm’s performance has been a drag on the plan’s return.
The college savings plan has selected a new manager to handle its international equity portfolio after unsuccessfully appointing a firm in the second quarter.
The university hired a senior investment analyst to help oversee and manage its $2.3 billion endowment.
The college is searching for a managing director for marketable investments after seeking a managing director for private equity earlier this year and hiring a director from a nearby institution.
The university made an award in its search for an investment consultant for its operating funds in the third quarter after launching a search in April.
The plan added approximately $300 million in commitments across August and September.
