The fund expects to receive recommendation from staff and its general investment consultant to hire extended equity 130/30 and multi-strategy hedge fund managers after approving a new asset allocation at its July board meeting.
The foundation expects to conduct a search for an investment advisor for its endowment later this year or early next year as its current advisor has struggled to recommend women- and minority-owned or led investment managers.
The college increased its endowment toward private equity and venture capital and increased its long-term ranges to the asset class for a second consecutive year.
The firm has hired a managing director and head of business development to expand its institutional business.
Firm lays out how an endowment or foundation can build a robust pipeline of diverse board members, starting with the creation of a board member matrix.
The global firm is acquiring the manager’s ETF business and infrastructure, which focuses on supply chain onshoring and energy transition.
The fund will consider hiring an overlay manager to synthetically replicate its public credit benchmark and policy index after holding a second reading and considering adopting proposed changes to its investment policy statement and strategic asset allocation.
The college has hired an investment associate to focus on its private equity and venture capital portfolios after adding an associate to focus on the portfolios last year.
The European private debt manager, which focuses on the middle market space, will use the investment to accelerate growth initiatives.
The firm has named a partner as head of North America to be responsible for its largest North American clients’ investment programs and continue refining the investment strategy.