The firm recently hired two senior executives to further provide its wealth management clients with sophisticated portfolio strategies and customized wealth management solutions.
The endowment will consider approving a search for a new domestic large-cap growth index manager at its board meeting next week due to the incumbent firm’s placement on an energy discrimination boycott list.
The university is seeking a firm to provide investment management services for its retirement plans, monitor plan assets and provide general market and regulatory updates, among other responsibilities.
The foundation issued its RFP seeking an investment consultant to provide non-discretionary services for its portfolio last week after it received submissions from 15 firms during an RFQ process from April.
It is startling that participation in the NACUBO survey has steadily declined since FY 2017. Why is the number of participants decreasing every year? Why is the decrease closely correlated with endowment size? What does that correlation reveal about wealth stratification in higher education?
The fund approved a revision to its investment policy statement to lift its prohibition of privately placed securities as requested by one its international large-cap equity managers and recommended by its general investment consultant.
The university approved distressed debt and private equity commitments with existing managers within its endowment at its May investment committee meeting.
The fund is expected to notify one of its managers of its placement on the state’s initial list of 13 financial institutions that are banned from state contracts due to their boycotts of fossil fuel companies or failure to reply to a questionnaire.
The university will transition to a new core investment menu in early June for its defined contribution plan, 403(b) plan and student employee retirement plans with a sole administrator handling oversight.
The firm recently held a first close of its climate private equity strategy with $500 million in capital commitments.