Institution’s newly approved endowment asset allocation increases its target to private equity at the expense of hedge funds.
The university’s senior alternative assets manager retired in April after more than 14 years in the role.
New strategic asset allocation approved last week increases targets to private equity and non-core fixed-income, including high-yield bonds and bank loans.
The fund will consider increasing its investment with an existing real estate manager this summer as its target to the asset class is significantly underweight.
The institution will review the asset allocation for its endowment this week and consider increasing its private equity target.
The university hired an investment analyst in its search for junior investment team members to assist in the oversight of its approximately $3.5 billion endowment.
The John S. & James L. Knight Foundation has been at the forefront of bringing valuable data to the discussion around diversity within the asset management space – work that has involved tremendous introspection and a commitment to transparency.
New investment consultant hire comes out of a late 2021 search for standard due diligence purposes.
The agency hired an outsourced cio to provide investment management, operations, asset allocation strategy, client service and reporting services for more than $1 billion of its assets.
The university has issued an RFP seeking a firm to provide treasury management services, including cash management services.