The university hired a v.p of business and finance and cfo at the start of the year to oversee its finances and investment portfolio after its previous finance head left to join the state’s department of revenue.
The endowment recently made a new private equity commitment with a buyout strategy focused on the technology, healthcare consumer services and retail, financial services and information, content and business services sectors.
The institution hired an outsourced cio to oversee its portfolio following a search from last year for standard due diligence and the restructuring of its former investment consultant.
The university selected its incumbent investment manager over two other finalists in a search launched in the third quarter.
New cfo will lead the foundation’s financial function and help oversee its investment portfolio after its previous finance head left last summer to start their own business consultancy firm.
The university adjusted its investment policy to allow for increases to its equity portfolio following a recommendation from its investment advisor to diversify and enhance portfolio returns.
The firm has hired a head of client service to oversee the ongoing design and execution of the overall client service experience.
The firm added a 12-person team in the Boston area from Merrill Lynch to provide portfolio management, retirement planning, investment consulting and other wealth management services.
The foundation affiliated with the Lutheran church moved to an outsourced cio model from a traditional investment consultant model following a search from last year.
The foundation has hired an investment analyst to help oversee its portfolio and provide research, reporting and due diligence of external managers.