Searches And Hires
The district received proposals from four consultants in response to an RFP issued in August.
The selected firm will serve for an initial three-year period.
The state fund is looking for taxable municipal bond managers.
The plan also granted staff discretionary authority to invest in GP-led secondary transactions.
The pension plan will consider replacing its REIT manager due to the firm’s underperformance.
The foundation has committed to achieving net-zero greenhouse gas emissions for its endowment by 2050 and the strategy centers on investment in climate solutions and other climate-focused strategies as well as engagement with asset managers and others on data, disclosures and decarbonization plans.
The fund will consider adding a new private equity manager within its trust fund portfolio following a presentation from the firm at its board meeting this week.
The fund considered terminating a high-yield fixed-income manager and launching a search for a replacement firm at its board meeting this week.
The foundation is aiming to allocate at least 5% of its portfolio to emerging managers, while also looking to add climate-solution investments as it looks achieve a net-zero endowment by 2030.
The plan made its first commitment to private debt at its board meeting yesterday.
