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The foundation has issued an RFP seeking a consultant to serve as a partial discretionary advisor to its investment and finance committee and advise on investment policy, asset allocation and investment management.
The foundation hired a senior investment operations associate to work closely with its investment and accounting teams to administer its various investment programs following a search from last year.
The organization has launched a free publicly available RFP questionnaire template for foundations and endowments looking to conduct a search for an investment advisor.
The education system will consider revisions to the target asset allocation for its portfolio as part of changes to its investment policy statement at a special meeting today.
The outsourced cio provider has promoted its co-founder to managing partner to lead the organization, while also promoting a partner to deputy cio and head of investments to deputy managing partner.
The institution will come back with a recommendation on how to redeploy the assets from recently terminated public equity and hedge fund managers at a future meeting.
He will join the firm in May and succeed Michelle Seitz.
The plan expects to issue the RFP later this month and make a selection in the third quarter.
He joined the firm this month and focuses on U.S. and UK relative value inflation strategies.
Firm has closed Traverse Fund IV, a $400 million growth fund.