The foundation increased its large cap growth equity fund’s allocation to an incumbent manager that utilizes a research-based investment process in quality growth companies.
The foundation promoted a staff member to serve as its new v.p. of operations and treasurer as the previous operations and finance head retired after 25 years with the organization.
The foundation is seeking a director of marketable investments to focus on providing portfolio management support and coverage across public equity, hedge funds, portable alpha, fixed-income and cash.
The endowment’s president and ceo is stepping down form the role to focus on personal priorities and the organization has named its recently appointed v.p. of programs and grants as the interim ceo.
The peer-learning network has launched a Responsible Tech & AI Initiative to engage endowments, foundations and financial service firms around various risks related to their investments in technology and artificial intelligence.
The program recently selected a new investment consultant for its 529 and ABLE savings programs to conclude a search process from the beginning of the year.
The firm has hired a head of client engagement to strengthen relationships and drive client satisfaction and retention as well as enhance the client experience.
The university approved new investment policies with revised asset allocations for its endowment, retirement plan and working capital pools that includes removing the absolute return asset class.