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The plan rehired its cash overlay manager and terminated a portable alpha manager.
The plan’s incumbent manager was first hired in 2015 and the search is to comply with standard state procurement laws.
The university updated the fund’s asset allocation targets on the heels of several manager hires earlier in the year.
The fund is looking for multi-family real estate specialist managers as it looks to transition some of its portfolio’s overweight industrial exposure to multi-family real estate.
The institution has appointed a new v.p. for finance and administration ten months after filling the position with a cfo from a mid-Atlantic college.
Institutional investors indicated that rising rates and a recession will increase the importance of fixed-income within portfolios after years of low yields.
The university is looking to invest $300 million of its short-term working capital in the debt securities of high-performing companies that meet a certain ESG rating threshold.
The firm has hired a chief people officer to oversee its human resources department including its talent acquisition strategy and diversity, equity and inclusion initiatives.
New policy expands investment options with new minority and women business enterprise and ESG options.