The university has elected two new vice chairs for its board of trustees and named its first woman board chair.
Citizens in Texas will consider approving a constitutional amendment to rename the National Research University Fund as the Texas University Fund when they vote in state elections on Nov. 7.
The firm has added the former global cio of an insurance company as a senior advisor to assist its team with relationships, resources and industry knowledge.
The university has hired a new director of investment operations to manage its operations processes, including fund data management, reporting and reconciliation, following a search from this summer.
The firm will promote one of its co-presidents to ceo at the beginning of 2024 as its current ceo will become executive chair.
The fund approved recommendations to add new multi-strategy hedge fund managers as well as introduce long/short active management in the international equity portfolio last month.
The university revised its long-term targets for drivers of return of its endowment, increasing its target to equities at the expense of absolute return, credit and real estate.
The firm has added a senior v.p. and regional director in Washington D.C., to support its efforts to grow its foundation, endowment and nonprofit clients in the region.
The university authorized its board chair to execute or decline a private equity commitment within its endowment in the third quarter.
About 42% of the university’s asset managers are diverse-owned as of June 30, a slight downtick from the 44% reported in 2021, but up from the 40% reported in 2020.