The investment management arm of the University of Richmond has promoted its deputy cio to cio to lead its investment and firm strategy.
The foundation has hired its next cio to lead the management of its portfolio and recommend asset allocation and asset class strategy changes, among other responsibilities, as its current investment head is set to retire on June 30.
The New York-based outsourced cio recently hired the former director of diverse manager equity at Crewcial Partners as senior executive for manager research and investments.
The multi-family office has hired a cio to lead its investment strategy and execution alongside a chief operating officer and chief compliance officer.
The firm has added appointed a v.p. to its advisor consulting group to enhance advisor partnerships and drive strategic growth.
The university has hired a new cfo and senior v.p. for business and finance to oversee its financial operations including budgeting, investments, financial reporting and long-term fiscal strategy.
The foundation is searching for an investment consultant to refine its investment policy, set asset allocation ranges and implement the asset allocation through top-tier managers.
The RFP for investment consulting services related to the university’s endowed and non-endowed funds is required to be put out to bid every five years.
The university has invested nearly $5 million in a bitcoin exchange traded fund, for which it has sole voting authority.
The foundation is seeking a single firm to provide investment oversight management services for its portfolio, which includes permanent endowments, quasi-endowments, restricted funds and reserve funds.