The plan removed an exchange traded fund and international equity fund from its advisor plan late last month after being notified of upcoming changes to the investment manager’s strategies.
The foundation has issued an RFP seeking an investment provider to offer 457/403b products and services, including custodial, record keeping, investment and customer service.
The university added a director to the investment team overseeing its endowment in the fourth quarter.
The firm announced the expansion of its executive leadership team with the appointment of a chief data officer, who has held the role since 2019.
The firm announced the appointment of its next president to help lead its strategic direction and corporate growth following the planned departure of current president.
The board approved conducting a search for an investment consultant for its more than $2 billion in assets at its meeting in early February.
The firm hired an individual for the newly created role to develop impact equity strategies for clients.
The foundation announced its next president and ceo to lead its operations and strategies as its previous head is set to retire after more than 14 years at the organization.
By now, most know that less than 2% of the U.S.-based investment management industry’s $82 trillion in assets is handled by diverse managers. Maybe less know that historically Black college and university endowments make up an even smaller percentage of higher education endowments nationally.
The college extended the deadline for proposals in its search for investment advisors to provide discretionary portfolio management services after issuing the RFP earlier this month.