Texas citizens approved Texas Proposition 5 to create the Texas University Fund and provide funding to some higher education institutions with nearly two-thirds of voters voting in favor of the constitutional amendment.
The New England-based institution is seeking a global investor to help oversee and manage its endowment.
The college’s board of trustees will consider divestment proposals for its endowment at meetings this week.
The plan replaced a commodities manager and added a global real estate manager to its watch list in the third quarter.
The fund extended the watch list status for one of its domestic equity managers during its August board meeting despite improved performance over the last three quarters.
The foundation’s cfo died unexpectedly at the end of the third quarter after seven years in the role.
A managing principal and consultant at the firm will leave in the first quarter after more than two decades of service.
The firm has launched an equity research group to further build and develop its efforts in the global sustainable energy, technology and infrastructure markets and hired a lead analyst to head the group.
The fund selected a firm to provide low duration/short-term fixed-income exposure over three other managers following finalist interviews held at its board meeting last month.
The 529 plan has issued an RFP seeking an investment manager due to the upcoming contract expiration of its incumbent manager, which has been providing the services since 2003.