The fund revised the investment policy statement and asset allocation for its portfolio in the second quarter, consolidating its private real estate and private real assets allocations.
The university hired an investment associate in the second quarter to assist in due diligence of prospective fund investments and monitor existing investments.
The fund is seeking a senior investment analyst to perform investment and operational due diligence on prospective and existing equity-oriented investments.
The fund may consider revising its investment policy statement and asset allocation following discussions with its general investment consultant at its August board meeting.
The college has hired a new v.p. for finance and cfo to lead all aspects of its financial operations, including budgeting, accounting and investment practices, from a nearby university.