The university added six alumni, including one with investment experience, to its board of trustees in recent months.
The co-founder of a small-cap growth specialist firm died last month due to complications from a previous illness.
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The institution is searching for an analyst to assist with investment operations, performance reporting and cash/liquidity management responsibilities.
The university fully liquidated a hedge fund investment within its endowment in the fourth quarter and reinvested the proceeds in a money market fund.
The firm added a head of portfolio solutions to strengthen its leadership in alternatives research and advise on its product for the wealth management channel.
The institution revised its strategic asset allocation last year, increasing its allocation toward growth assets like public equity and private equity.
The foundation has issued an RFP seeking firms to manage and advise on its funds and investments as well as help with the development of an investment policy.
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The firm added a central regional director to work with nonprofit and institutional clients, providing them with investment advisory, asset allocation and portfolio construction services.