The foundation opted to retain its incumbent manager for its portfolio following a search from the third quarter as its policy requires the services be put out for bid every six years.
TCW has entered a strategic partnership with Lakemore Partners and its group entities to support the growth of TCW’s collateralized loan obligation platform.
The plan is conducting a mid-cap value manager replacement search as its incumbent manager has lost assets and the plan’s assets made above 40% of the investment product.