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The university is looking to add sustainability investments to its endowment as it is on track to downsize its fossil fuel exposure over the next two decades.
The fund approved divesting its portfolio of direct holdings in companies that boycott energy companies and Israel after a state agency released a list of companies that must be divested from last year.
The firm launched an ESG fund targeting U.S.-based companies helping to facilitate clean energy, pollution reduction, energy efficiency and social justice.
The plan will seek a replacement for a manager redeemed last month due to organizational concerns and performance reasons.
The city is searching for a firm to manage its non-pension assets.
The portfolio associate will report to the plan’s director of real estate.
She will be involved in all areas of the firm’s investment activities.
The firm recently hired two research analysts for the team.
The plan’s general investment consultant informed the board that an RFP would go out this year.