Emerging/Diverse Managers
The trustees failed to decide on commitments in a non-core real estate search after opposing motions that followed finalist interviews.
The retirement fund also disclosed commitments totaling roughly $1.5 billion in March.
The managing director will be responsible for emerging managers, durable capital and government excellence.
The acquisition of the global fixed-income emerging manager will strengthen Allspring’s presence, particularly in emerging markets.
The plan issued an RFP in December for a firm to manage a $350 million mandate.
The retirement fund disclosed commitments totaling $2.3 billion in the first quarter.
The foundation added investments with three diverse managers to help it surpass its goal of allocating half of its portfolio to diverse firms.
HBCUs have done the work of developing and producing leaders in the financial services and investment sectors in the face of funding cuts and other institutional barriers.
The foundation is looking to increase its allocations to diverse asset managers and environmental sustainability and social impact strategies, including regionally focused investments, within its endowment.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
