A board of directors at a Southern university has added an investment professional to fill a vacancy.
An asset manager chair will leave a position as fellow at an Ivy League university governing board.
Byles Williams founded Xponance, a Black woman-owned investment firm, which offers direct active and passive equity, fixed-income and alternative investments as well as multi-manager strategies focused on emerging and diverse managers.
The university approved buyout and growth equity commitments with private equity managers that represent new relationships for the institution.
The community foundation has partnered with local government to invest $200 million in loans and grants for affordable housing projects.
The foundation approved new allocations to private debt, real estate and fixed-income strategies in the first quarter.
The promotion comes as the foundation’s previous head is set to retire late next month.
The college hired a senior investment associate in the first quarter to help oversee its endowment and source and conduct due diligence on new investment opportunities.
The university added a U.S. Treasury strategy after its investment consultant conducted a search to fill a maiden 5% target approved in the first quarter.
The fund will conduct searches for a U.S. large-cap growth equity manager and a global equity manager with a tilt toward either core or value stocks after approving a new asset allocation at its May board meeting.