Searches And Hires
The pension plan heard presentations from six managers at last month’s board meeting.
The plan concluded a search both launched in 2021 and delayed since last year.
The plan will hire one additional firm in its multi-credit asset class search.
The retirement plans have been working with general investment consultant Bolton Investment since 2003.
The selected firm will provide investment consulting services for a $140 million trust.
The board retained its incumbent investment consultant for its 403(b) retirement plans over one other finalist following a closed RFP process from 2022 for standard due diligence purposes.
The university recently committed to a venture capital fund launched by the team behind its startup incubator.
The college renewed its contract with its investment consultant for a one-year term beginning on July 1.
The university has issued an RFP seeking a firm to review its Optional Retirement Plan and 403(b) plan as part of a periodic review of the retirement plans for standard due diligence purposes.
The church pension hired a new core fixed-income manager in addition to investments and co-investments in private equity and real estate in June.