The plan will also eliminate its long/short equity portfolio.
The plan expects to issue the RFP in 2023 after delaying it for one year.
The university reissued its RFP for non-discretionary investment advisory services for its endowment after canceling the search in the second quarter “due to a change in the requirements.”
A partner and director of research left the plan’s domestic large-cap value equity manager this month.
The college is seeking investment managers for its institutional pooled funds in order to conduct a review of investment mandates, fees and services.
The college is seeking a firm to advise and manage a portfolio that is expected to be $10 million initially.
The search is due to the upcoming contract expiration of incumbent Hyas Group.
The plan is conducting a search for an investment consultant.
The plan is likely to introduce a 5% allocation to the new strategy.
The RFQ will be reissued “with a revised scope.”