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New director of institutional business development joins from Lazard Asset Management.
The investment advisor absorbed substantially all the wealth and investment management firm’s $1.75 billion in assets in a deal that closed earlier this month.
The plan will begin a search for core fixed-income managers next month.
Plan disclosed $415 million in recent alternatives commitments from December.
The firm has made a strategic minority investment in an investment advisor that has $6 billion in assets under management and advisement.
The fund wrapped up its search for multi-strategy hedge fund managers with two firms that will supplement and complement its existing hedge fund manager.
The firm has completed its acquisition of a specialist global ESG and impact fixed-income investment manager, adding approximately $1 billion to its total assets under management.
The university increased its targets to private equity and global equity at the expense of hedge funds.
The transaction is expected to close no later than the middle of 2023.
The plan hired a new manager to handle its bank savings fund option as it provides a more stable income source.