The university has selected a firm to provide investment advisory, management, custodial and reporting services for up to approximately $6 million of its endowment initially following a search from the second quarter.
The firm added two new members to its advisory board as one of its inaugural members is set to retire after five years of service.
The university added a private equity commitment and a hedge fund investment with new firms in the second quarter.
The institution approved four new voting guidelines on climate commitments, biodiversity, racial equity audits and cybersecurity in 2022 and has made the guidelines available publicly.
The firm opened two new offices in the Midwest and Southwest after hiring a seven-member team to lead them in 2021.
The foundation launched a short duration income fund investment option solely managed by one firm at the beginning of the year in response to the current market environment to provide a flexible option that delivers high yield, consistent performance and low volatility.
The firm has hired a director to help build its ESG initiatives and advise portfolio companies on their implementation of ESG best practices.
Firm’s new global head of real estate will lead the growth of its Canadian and U.K. real estate platforms in key markets.
The changes followed two separate asset/liability studies from general investment consultant
Verus.
The wealth management firm has hired a seven-person team led by four managing directors and wealth managers to provide portfolio management, retirement planning, investment consulting and other wealth management services to nonprofits, private family foundations and other clients.