Searches And Hires
The search is open to North American-focused fund-of-funds managers.
The university is closing on its goal of allocating 2.5% of its endowment to climate solution investments after creating the target in 2022 as part of broader goals to achieve a net-zero carbon emissions endowment.
The foundation has issued an RFP seeking an investment advisory firm to help manage its portfolio, including providing strategic and tactical investment advice, compliance-related monitoring and performance benchmarking.
The fund approved the addition of core fixed-income, international equity and private equity secondaries investments during its board meeting last week and is slated to consider combining two of its ten investment pools later this month.
The city first hired its existing investment manager in 2019.
The retirement system has terminated a global equity manager that it first hired in 2014.
The plan recently terminated three equity managers and made private markets commitments totaling $95 million.
The plan launched two manager searches after approving a new asset allocation last month.
The pension plan will consider approving a private debt manager search and a new 2025 fiscal year asset allocation policy for its four systems this week.
The plan will interview three finalists for a maiden global equity mandate in August.