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The indirect impact of the Silicon Valley Bank situation on institutional investors will take time to fully assess as Federal Reserve actions to backdrop depositors is digested by the markets.
The search follows the plan rehiring its incumbent for the position in 2017.
The latest commitment will be the plan’s fifth overall investment with the firm.
The authority is conducting the search as it looks to optimize its conversative investment portfolio.
The plan expects to issue a notification of award on Sept. 11.
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year
The foundation has named the investment head of a mid-Atlantic foundation as its next cio and the mid-Atlantic foundation will promote its director of private capital investments as its next cio.
The executive director is resigning for personal reasons after five years in the position.
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan has launched its search for its next executive director after its previous head left in September to join Aon as an associate partner focused on governance consulting services.