Searches And Hires
The college savings plan approved adding a passive international equity comingled fund to its portfolio at the expense of two actively managed funds to reduce risk and lower management costs.
The college is seeking responses from firms with experience in developing portfolio investment guidelines.
The foundation recently launched an impact investing strategy with a $5 million commitment intended to advance racial equity in the area or other strategic areas, including youth, public safety, economic opportunity and neighborhoods.
The plans currently work with general investment consultant Advanced Capital Group, which was rehired in 2016 following a similar RFP process.
The plan is seeking primary funds and fund-of-funds structures across buyout, growth equity and secondaries strategies as well as co-investments.
The plan rehired Voya Financial as its record keeper following an RFP process initiated in February.
The pension plan hired a multi-sector fixed-income manager to replace a core-plus manager in March.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
A Texas-based housing authority is hunting for investment advisory services.
The pension plan heard presentations from six managers at last month’s board meeting.