The trust will immediately begin a global search for its next cio as its long-time investment head is set to retire next year.
The university has committed to avoid direct investments in fossil fuel companies and will not seek out or renew private funds investing in fossil fuels after previously rejecting fossil fuel divestment in 2016.
The firm recently added a new member to its business development team to support its deal origination efforts and focus on building relationships with corporate sellers.
The plan hired a new general investment consultant in the second quarter after conducting a search for the services last year due to the contract expiration of the incumbent provider, which submitted a proposal.
The associate director will contribute to investment decisions across the portfolio, with a focus on private asset classes, including buyout, growth equity, venture capital real estate and natural resources.
The system expects to receive a recommendation from its general investment consultant to reinvest funds at a future board meeting after approving the termination of a hedge fund manager last week.
The university hired a director of investment services to provide analytical and technical support for its investment division from a mid-Atlantic public pension system.
The managing director of public investments at a Northeastern foundation recently left the position to join a nearby family investment office as a managing director.
The firm hired a director to focus on business development efforts for clients in the Midwest and a director to handle new business development, strategy and asset growth across all sub-advisory business channels.
The firm added a director to its investment team in August from a Western investment consulting firm, where they served as a consultant for nearly three years.