The university added a senior v.p. for investments and branch manager at a financial advisory firm to its board of trustees in the fourth quarter.
The firm promoted an investments and planning team member to partner on Jan. 1 and they will continue to serve as an investment advisor and portfolio manager.
The university disclosed follow-on commitments to existing credit, venture capital and private equity manager relationships made between September 2022 and January.
The association has named its next president and ceo to lead, direct and manage the organization following a search from last year as its previous head died after battling cancer.
The university is considering creating a related but separate entrepreneurial team to invest $2 billion in real estate on or near its campuses, while also disclosing its shifting approach to private equity investing.
The foundation has issued an RFP seeking a firm to conduct research and make investment decisions on the management of the portfolio, recommend asset allocation and handle reporting, portfolio evaluation and the review of accounts.
The plan is searching for a general investment consultant for its defined contribution retirement program to help with the search, selection, monitoring and reporting of investment vehicles.
The board has issued its RFP seeking an investment consultant to oversee assets across five plans due to the upcoming contract expiration of its incumbent consultant, which is invited to rebid.
The fund approved one-year contract extensions for its general investment consultant and alternatives specialist consultant through 2024 at its board meeting earlier this month.
March madness is in full effect as the NCAA Men’s Basketball Tournament began this week with 68 teams from across the country competing for the national championship with the winners slated to cut down the nets in Houston on April 3. While the upsets, buzzer beaters and Cinderella stories will take place on the hardwood, Nonprofit News examined how each of the teams stack up off the court from an endowment perspective.