Aggies hire LCG to replace longtime consultant Fund Evaluation Group

Texas A&M University System, College Station, hired LCG Associates as investment consultant for its $3.2 billion cash concentration pool and $883 million System Endowment Fund, said Steven B. Moore, spokesman.

LCG Associates replaces Fund Evaluation Group, which had been consultant since 1997.

The endowment's allocation ranges are 15% to 25% each to domestic and international equity, 14% to 22% to absolute return, 11% to 22% private equity, 10% to 20% fixed income and 8% to 18% inflation hedge, according to the RFP issued in February.