Searches And Hires
The plan will interview two firms in September as it looks to replace its current manager due to personnel changes and a decline in AUM.
The hire follows a global equity structure review emphasizing alpha generation.
The fund is seeking an investment advisor to invest and oversee its land trust fund, which is currently managed by a state-owned corporation.
The foundation added two hedge fund strategies to its portfolio in the first quarter.
Plan will discuss the full redemption of its international value manager due to that firm’s closure at next week’s board meeting.
The plan initiated both searches earlier this year for pacing purposes.
The fund approved the search last month to survey the market for pricing and services as the incumbent has been providing the services since 2006.
The university will consider adding an early-stage growth strategy with a new investment manager for its portfolio this week.
The plan also made an infrastructure commitment at a board meeting today.
The plan approved a new real estate manager structure that factored in the implementation of a recent manager hire and adopted a new asset allocation last month.