Active management is key to Baylor’s endowment, which has become a top performer among universities. But investment chief David Morehead and managing director Renee Hanna, who run the endowment’s public and private investments, respectively, say cultural factors can’t be overlooked.
Baylor University has traded its way to the top of the university endowment performance rankings. Many universities allocate their money among different assets and adjust periodically. Baylor, led by a former trader, seizes on market moves frequently to boost or cut exposure to its managers.
The foundation has named its next cio following a search for the position as its previous investment head left in last year to join a family office.
The firm has named two new leaders for its Dallas and Virginia offices to strengthen its brand in the region and support client and colleague success.
The university has elected its next chancellor to head its board of fellows and board of trustees and serve as a fiduciary of the university.
The system approved a growth private equity commitment with an existing manager within its endowment at its Feb. 1 board meeting.
The university hired two investment analysts late in the third quarter to help oversee its endowment.
The university hired a new investment advisor to oversee and manage its endowment in the fourth quarter following an RFP process approved in the second quarter of 2022.
The institution will consider a venture capital commitment to a recently launched investment manager at its board meeting this week.
The foundation made an investment in an initiative that aims to increase capital access for Black/African-American, Latinx, Native American and other people of color-led businesses, nonprofit organizations, financial intermediaries and venture funds.