The retirement system will launch the search soon for pacing purposes.
The retirement plan interviewed the firm in closed session at today’s board meeting.
The university has built a substantial allocation to cash in recent years as it looks to potentially solve a liquidity issue for another institutional investor’s portfolio.
The deferred compensation plan replaced its emerging markets large-cap core equity manager, which had been on watch since January 2022.
The township expects to award a contract by July 1.
The foundation is looking to add new commitments to private equity and build out the program alongside its outsourced cio over time.
The retirement system made a change due to the incumbent’s portfolio turnover and subsequent strategy deviation.
Two HBCUs have committed to an early-stage venture capital strategy targeting the fintech, healthcare, education and workforce development sectors.
The college is one of several institutional investors to commit to the latest venture capital fund from a Berlin-based manager.
The fund has extended the deadline for proposals in its search for firms to provide investment management services to June 5 from May 16.