Searches And Hires
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The plan anticipates committing up to $450 million to the asset class next year.
The search follows the plan’s termination of an incumbent manager at yesterday’s board meeting.
The pacing plan calls for between $130 million and $160 million in new private equity commitments next year.
The fund approved recommendations to add new multi-strategy hedge fund managers as well as introduce long/short active management in the international equity portfolio last month.
The trust recently hired an outsourced cio provider to handle its portfolio as it named a new investment head to oversee top level asset allocation, trade execution and investment strategy.
The university authorized its board chair to execute or decline a private equity commitment within its endowment in the third quarter.
The pension added a new investment and co-investment in real estate and two additional commitments to existing secondaries and venture capital managers in October.
The current ceo announced her retirement last month.
The hire concludes an investment advisor RFP search launched in August.