Extensive and timely coverage of the institutional industry.
The university system has added a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The plan moved a portion of its mid-cap value assets to the new small- to mid-cap value manager.
Plan last conducted a search for the services in 2017.
The elimination will affect three managers that handle a total of more than $1.7 billion.
New cio joins from a fellow Chicago-based consulting firm.
The city, which has not employed an advisor in the last five years, made the hire last month.
Plan added three commitments totaling $310 million at this week’s board meeting.
The commitments were made with two existing managers.
The funds surpassed their respective fundraising goals.
The plan will welcome Kristin Varela as its new cio next month.