The 529 plan added a domestic large-cap growth equity strategy to its watchlist last month because of underperformance compared to its benchmark for the quarter, one-, three- and five-year periods ending March 31.
The cio will serve on the investment committee alongside three other members tasked with ensuring the ethical nature of the Holy See’s equity investments.
The senior director of investments left to join Mercer as its U.S. not-for-profit cio to lead strategic asset allocation, dynamic asset allocation and portfolio construction for clients.
The firm hired its first head of ESG to build an ESG function and work with its investment teams to assess ESG risk and opportunities throughout the investment cycle.