The university has wrapped up its search for a cio to oversee and manage its endowment by hiring the senior portfolio manager of a nearby foundation.
Peter Madsen, who has served as director and cio of the Utah School & Institutional Trust Funds Office for almost nine years – helping oversee and manage its approximately $3 billion permanent school fund, took the time to answer five questions, plus a few extra, with FIN|News.
Andrew Golden steps down from Princo after building a $34.1 billion endowment. How should that money be invested and spent going forward?
The school will consider divesting its approximately $465 million endowment from companies and industries identified by its Advisory Committee on Investor Responsibility that are implicated in military and police violence in Gaza and the West Bank in the coming weeks.
The healthcare technology and tech-enabled services focused firm closed its latest fund with nearly $500 million in commitments.
The firm has appointed a managing director, head of capital raising and client solutions to drive capital formation and investor engagement.
The firm has expanded its private wealth management presence in Philadelphia with the addition of a wealth management team.
The foundation is searching for an investment analyst focused on hedge funds to help its team in sourcing, analyzing and managing hedge fund managers.
The foundation has launched the search for investment management services as a result of a five-year fiduciary review and the incumbent provider is allowed to rebid.
The university will review and discuss the investment policy and asset allocation for its endowment later this year, including increasing its private market allocations.