Daily Feed
The fund is seeking a firm to provide all program management services, including compliance, investment, administration and record keeping, after hiring a firm in 2018 at the onset of the program.
The Midwestern university-affiliated foundation added a global private equity commitment to an existing manager in the third quarter.
The managers are looking to drive continued inflows and be better positioned for the future through their performance, product development and regulatory compliance.
The fund approved transferring the assets of its three portfolios effective Jan. 1 alongside its first investment policy for the combined pool of assets at its November board meeting.
The university has promoted a senior portfolio manager to managing director following a search for the position after its previous managing director retired.
The university system is considering adding 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 firm has appointed a chief responsibility officer effective Jan. 9 to oversee its corporate responsibility and responsible investing efforts.
The foundation promoted a managing director to the role of cio after its investment head left to join an East Coast health system.
The health system was slated to review a new investment policy statement with a revised target asset allocation at its Nov. 30 meeting, however, the meeting was postponed due to a lack of quorum.
The public school fund selected its incumbent passive equity manager to handle approximately $343 million in October following a search from this summer due to the firm’s contract expiration.
