The university hired a managing director from a family office to serve as its cio as its first investment head is set to retire at the end of the year.
The fund approved a new strategic asset allocation for its liquid account in June, increasing targets across its equity portfolio as well as core bonds through the elimination of a fixed-income allocation.
The university has hired its inaugural executive v.p. for administration and finance and cfo following a study of its finance and administration operations by NACUBO.
The university managing director left in the first quarter to join a mid-Atlantic outsourced cio as deputy cio in May.
The university hired an investment analyst for its private investments team following a search from last year.
The fund is seeking a firm to provide passive equity exposure for a portfolio with minimal tracking error due to the contract expiration of its current provider.
The firm added two new nonprofit organizations as clients in the first half of the year.
The institution has hired two portfolio managers and promoted a senior investment analyst to portfolio manager to help manage its endowment.
The 529 plan added a domestic large-cap growth equity strategy to its watchlist last month because of underperformance compared to its benchmark for the quarter, one-, three- and five-year periods ending March 31.
The college is looking for a firm to assist with the potential refunding of general obligation bonds, assist in management of the financing process and closing the financing, among other responsibilities.