Searches And Hires
A foundation based in the Midwest has selected a new investment consultant after conducting a search.
The consultant will oversee the university’s operating funds portfolio, including ongoing review and reporting of existing manager performance, assistance with the search and selection of new managers and cash flow analysis.
The investment advisor will guide management of the fund, provide ongoing monitoring of existing investments and assist with the reviewing its investment policy.
The fund opted to replace its mid-cap growth investment due to underperformance.
The system issued the RFP as it is looking to offer a competitive retirement plan.
The retirement system made infrastructure and private equity commitments totaling $295 million last week.
The commitments include two new manager relationships for the council.
The plan is looking to invest up to $35 million across the two strategies.
The city will go into negotiation with the top-ranked firm in its investment manager search.
The pool is seeking the services across two bond investment mandates.