The system is seeking a consultant for its cash and endowment pools after conducting a similar search in 2019 for standard due diligence purposes.
The foundation is conducting the search to change investment advisors due to challenges surrounding the proximity of its incumbent advisor.
The foundation retained its incumbent provider following a similar search six years ago.
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.