Extensive and timely coverage of the institutional industry.
New senior investment analyst will assist in managing the university’s endowment and succeeds a senior analyst promoted to director of investment operations last year.
Transaction is expected to close fourth quarter.
Plan will issue an RFP seeking diverse-owned private equity managers to handle up to $50 million.
The plan does not currently have a dedicated manager for emerging markets equity.
Plan committed to three existing managers at today’s board meeting.
He has assumed a part-time role as vice chair.
Plan switched domestic small-cap value equity managers in the first quarter.
The acquisition adds $200 billion in assets under management to Franklin Templeton.
The fund focuses on firms in the Mid-Atlantic, Midwest, Southeast and the Rocky Mountains.
He will lead the firm’s worldwide client and product functions.