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A university based in a Southern state has added new members to its board of trust, including two professionals from investment firms.
The two universities have signed a letter of intent to advance a proposed merger, which is subject to regulatory and accreditation approvals as well as a formal definitive agreement.
The retirement system is seeking a Standard & Poor’s 400 Index manager.
The fund will discuss potentially conducting a search to replace its incumbent small-cap value manager due to underperformance.
The university approved a new investment policy statement with revised long-term strategic asset allocation targets for its strategic and reserve pool last year.
The new portfolio manager will focus on the global equity team’s investments in financial companies.
The deferred compensation plan reviewed an initial search report at its deferred compensation committee meeting last week.
The plan will look to rehire two of its incumbent managers to handle passive equity mandates.
The director will be responsible for developing, launching and managing the new program.
The two commitments were made for pacing purposes.