Searches And Hires
The university has issued an RFP seeking a bundled service provider for its 401(a) and 403(b) plans to review the market’s best practices regarding record keeping, plan sponsor and participant services, employee education and plan expenses.
The college hired a firm to provide financial advisory services for its general obligation bonds, including advising on the investment of bond proceeds, following the issuance of an RFP last summer.
The plan will look to hire maiden ACWI-ex U.S. large-cap core and small-cap equity managers.
The plan increased its target to international equity at the expense of long/short equity.
The plan is seeking a firm to provide consulting services related to investments, record keeping and plan design and technical guidance.
The selected firm will serve an initial three-year term beginning July 1.
Plan continues working toward executing a transition of assets away from the state fund.
The changes will harmonize the investment grade fixed-income portfolios between the board’s three investment plans.
The contract of the current consultant is set to expire this year.
The new policy will help the plan achieve an expected return of 7.25% over the next 10 years.