The healthcare system is currently conducting asset allocation studies for its operating fund and pension plan after receiving an education from its investment consultant on new asset classes including, private equity, private debt and real estate at a November workshop.
The plan selected a new program manager as its board meeting this week following a search from late 2022 due to the incumbent provider’s contract expiration.
The university concluded its search for a cio from last year by filling the position internally, naming its director of investments and interim cio as its investment head.
The question of how equitable the engagement of higher education institutions with private equity firms and other investment management groups is a difficult one to answer. The reason for this is that there is an incredible lack of transparency in identifying what money managers many higher education institutions are using to steward their endowments.
The college has announced its deputy cio will succeed its first full-time investment head on July 1, when the cio will assume the title of senior advisor to the investment committee before retiring at the end of 2023.
The fund has reissued its RFP seeking a non-discretionary investment consultant to oversee its trust fund after canceling the search process in the fourth quarter for undisclosed reasons.
The fund approved a real estate commitment in a separate account agreement with an existing manager within its portfolio in the fourth quarter and disclosed infrastructure and energy investments from the first half of 2022.
The firm named its managing director for originations as head of responsible investment strategy last month to oversee ESG integration throughout its investment process and define its responsible investment strategy and initiatives.