Searches And Hires
The university will consider committing $10 million across three underlying funds with a venture capital manager and fully terminating its investment with a hedge fund manager for diversification purposes.
The plan expects to issue an RFP this year seeking a core-plus fixed-income manager to handle between $100 million and $150 million.
The city hired two equity managers and three private markets firms.
The plan selected a manager after interviewing three finalists last month.
The plan committed a total of $20 million to two funds offered by a private equity manager at its May 16 meeting.
The plan will receive information on three to four potential managers at a future meeting.
The city is seeking a firm to provide management and portfolio services for roughly $1.3 billion in assets.
Plan has issued RFPs for minority-, women- or disabled-owned core bond and short-duration bond managers.
The selected firm will also provide services for the city’s approximately $137.9 million 401(a) and $23.5 million Retirement Health Savings Plans.