The fund has hired a senior v.p. and acting cfo to provide strategic leadership in the areas of finance, human resources, information technology and planning and budget.
The university has appointed a new chair of its asset management arm’s board of directors to help oversee its endowment and related financial assets.
The college has awarded a new firm in its search for a single firm to provide investment management consulting services due to the impending contract expiration of its incumbent provider, which rebid for the services.
The university unanimously approved making public equity investments with new domestic and international equity managers within its endowment at its June board meeting.
The fund has hired the managing director of research and investment strategy at a Midwestern hospital system as its next cio and they begin the role in the third quarter.
United Church Funds has 23% of its entire portfolio invested with diverse-firms presently, including 72% of its domestic equity portfolio managed by diverse-owned firms after successfully completing its goal of having more than 60% of the domestic equity portfolio managed by diverse-owned firms in 2023, more than a year in advance of the 2024 deadline it imposed on itself.
The firm is conducting a search for an associate for investment manager research after a consultant left the firm last month to pursue a new opportunity.
The plan will conduct a search for an executive director after its head retired after nearly a decade of service at its June board meeting.
The firm has promoted its senior v.p. and head of distribution to ceo and its senior v.p. for product management, corporate development and affiliate relations to coo.
The fund is currently searching for opportunistic credit managers for its portfolio after consolidating its public credit portfolio into a passive U.S. aggregate bond index in the first quarter.