Geeta Kapadia is Fordham University’s second cio, tasked with overseeing and managing its approximately $1 billion endowment and building out its investment office. She took the time to answer 5 Questions, plus a few extra, with FIN News.
The Ivy League university’s investment management arm hired an investment director from another institution as its next president to succeed its current investment head, who is set to retire in June 2024 after nearly three decades of service.
The head of the second-largest US university endowment is pouring cold water on one of Wall Street’s hottest markets: private credit. Rich Hall, who took over as chief executive officer of the University of Texas/Texas A&M Investment Management Company in July, said leverage in private credit makes it too risky to boost allocations, even as other endowments and pension funds have been funneling money into what’s now a $1.6 trillion global market.
The university has elected two new vice chairs for its board of trustees and named its first woman board chair.
Citizens in Texas will consider approving a constitutional amendment to rename the National Research University Fund as the Texas University Fund when they vote in state elections on Nov. 7.
The firm has added the former global cio of an insurance company as a senior advisor to assist its team with relationships, resources and industry knowledge.
The university has hired a new director of investment operations to manage its operations processes, including fund data management, reporting and reconciliation, following a search from this summer.
The firm will promote one of its co-presidents to ceo at the beginning of 2024 as its current ceo will become executive chair.
The fund approved recommendations to add new multi-strategy hedge fund managers as well as introduce long/short active management in the international equity portfolio last month.
The university revised its long-term targets for drivers of return of its endowment, increasing its target to equities at the expense of absolute return, credit and real estate.