The university hired an investment analyst this quarter to evaluate and monitor existing and potential managers, asset allocation and investment performance.
The university added a third investment analyst to its team to help monitor its endowment and track performance.
The foundation is seeking an investment manager to help source and evaluate strategies across global equities, fixed-income, credit and absolute return in a search that follows the foundation eyeing an investment manager for private markets from the first quarter.
The fund approved restructuring its real estate portfolio in favor of a core-satellite portfolio with a core mandate and two to three satellite managers and also added two 130/30 managers to create a market cap and style neutral portfolio structure.
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.