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Following a year where the majority of asset class returns were in the red with the exception of commodities and cash, the market outlook for nonprofit investors remains murky as institutions expect continued market volatility and slower economic growth.
The plan expects to approve a recommendation in the third quarter.
FUnd closes with $12.9 billion in capital commitments.
The corporation added a head of international investments.
Based in New York, he will work to build out the firm’s broadly syndicated loan business.
The city, which did not previously utilize an advisor, made a hire last year.
The firm made the appointment ahead of the retirement of its current head of the platform.
The firm added two associate directors and made 12 promotions effective Jan. 1.
The plan made three private equity commitments over the last two months.