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Ronald Temple has been named chief market strategist at Lazard, the firm announced today.
Plan will review proposed 2023 pacing plans for four portfolios at Thursday’s board meeting.
The plan retained two managers based on the recommendation of its general investment consultant.
The firm was placed on watch for underperformance.
He leads capital raising and investor partnerships in the Western U.S. region for the firm’s real estate platform.
The plan will receive a recommendation to restructure its equity portfolios at a meeting this week, including terminating managers.
The search comes as the plan’s initial five-year contract term with its incumbent is slated to expire on May 31.
The contract of the plan’s current consultant expires on March 31.
The university approved terminating an active domestic large-cap value equity mandate and transitioning the assets to two passive index strategies alongside plans to ask the state legislature to create a $1 billion permanent endowment.
The firm has announced executive transition plans as its current president and ceo is set to retire next year after 25 years at the firm, including the last eight as its head.