New director will carry out foundation’s investment program, audit and tax functions and oversee finance and operations following a search from earlier this year.
Target asset allocation changes under consideration for the system’s largest pool would ensure the portfolio is prudently allocated to withstand further disruptions to the market and economy.
The university will consider committing additional capital to an existing real estate strategy as the firm eyes a more robust opportunity set than anticipated and prefers to increase the size of the fund rather than raise a new one.
Senior investment officer addition in the first quarter follows a managing director of investments departure for a private equity and venture capital manager.
The system is searching for an investment portfolio manager and investment associate to help grow the investment portfolio across its pension, foundation, cash and long-term investment pools as part of the buildout of its internal team.
The university is seeking a firm to provide investment advisory, management, custodial and reporting services for a portion of its endowment initially.