The plan hired its first investment head to oversee its more than $4 billion in assets from a nearby university.
The association hired a firm to assist in implementing its racial justice investing plan following a search with its investment committee dividing the process into two phases with the first focused on training and evaluation and the second focused on investment consulting, which will require a future search.
The fund is searching for a non-discretionary investment consultant to assist in overseeing its investment management function, developing the investment policy and strengthening the board’s knowledge, skill and investment oversight responsibilities.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
The foundation added an associate investment director of asset allocation and risk and a director of risk and operations, while promoting another team member to deal analyst.
The diversity of the university’s endowment remains static year-over-year despite the addition of five new U.S.-based managers and the elimination of two other firms, according to a new report.
The foundation is searching for its next cio as its investment head is retiring after more than 19 years of service.
The university reissued its RFP for non-discretionary investment advisory services for its endowment after canceling the search in the second quarter “due to a change in the requirements.”
The university will consider adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and a private debt manager as it looks to build out its allocation to the asset class.
The senior investment officer has left after six years to join a West Coast-based family office as director of private investments effective Sept. 1.