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The investment advisor recently acquired a Midwest-based women-led investment advisor and a Western-based financial consulting firm.
The university system has added a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The plan moved a portion of its mid-cap value assets to the new small- to mid-cap value manager.
Plan last conducted a search for the services in 2017.
The elimination will affect three managers that handle a total of more than $1.7 billion.
New cio joins from a fellow Chicago-based consulting firm.
The city, which has not employed an advisor in the last five years, made the hire last month.
Plan added three commitments totaling $310 million at this week’s board meeting.
The commitments were made with two existing managers.
The funds surpassed their respective fundraising goals.