SEARCHES & HIRINGS
Texas A & M University, College Station, hired Fund Evaluation Group as consultant to its $2.5 billion endowment fund.
The firm is conducting an asset allocation study, which should be finished within the next couple of months, said Kevin McGinnis, manager of banking and investments.
The fund had been without a consultant for the past two years. Fund Evaluation Group will assist Texas A & M in handling the $225 million in endowment assets it directly oversees. The remainder of the $2.5 billion is managed by the state's university system.
New York State Teachers' Retirement System, Albany, committed an additional $25 million to the Prudential Property Investment Separate Account II (PRISA II).
The $58 billion fund already had $20 million invested in PRISA II.
United Furniture Workers, Nashville, Tenn., hired Putnam Institutional Management to run $20 million in core growth equities for its $100 million fund.
Putnam replaces another manager which Willie Rudd, chairman of the fund would not identify. Callan assisted.