The foundation hired a new v.p. for finance to help oversee its endowment in the second quarter after its finance head left at the end of 2021 to pursue a new opportunity on the East coast.
Princeton, Harvard and Yale generated robust returns for their endowments in recent years, fueled in part by billions of dollars of investments in private equity and venture capital. That golden era appears to be over, at least for now.
The investment director is leaving on July 29 to join the defined benefit plan as its next cio.
The university will consider a real estate commitment with a new firm after disclosing follow-on commitments to existing venture capital, private equity and real estate fund managers.
The university expects to reissue its RFP seeking an investment advisor for its endowment next month after canceling the search in the second quarter due to a change in requirements.
Organization consolidated its real assets portfolio with one new manger through the termination of a real assets and real estate manager.
The college hired a new v.p. for administration and finance and cfo at the end of June as its previous finance head was set to retire.
Takeovers increase as a shakeup in higher education leaves schools in trouble. Northeastern does a deal for struggling Mills.
The college savings plan is searching for its next executive director as its previous head left to join a Western university as its deputy cio last month.
The plan is seeking an investment manager to handle an investment in a non-publicly traded financial security after conducting a search last year for firms to handle direct investments of financial securities that are not typically traded on financial markets.