The public trust fund is searching for discretionary investment managers to handle a portion of its $871 million investment portfolio comprised of fixed-income investments.
The university will fund 20 fellowships for its graduate students that are looking to become leaders in the finance industry and each fellow will have an individual mentor from the university’s investment staff.
The university approved private equity, real asset, international equity and fixed-income investments with new managers in the second half of 2022.
The college has hired its first-ever outsourced cio to manage its endowment due to the departure of a senior staff member late last year.
As nonprofit investors expect market volatility to continue, with the possibility of an economic recession on the horizon, many are seeking early-stage private equity, private debt, real estate, infrastructure or hedge fund strategies to capitalize on macro trends that include a slowdown in economic growth, rising inflation, emerging technologies and demographic trends.
The firm acquired an advisory team that oversees more than $2 billion on behalf of individuals, families, endowments and foundations, the majority of which are located in the middle Tennessee region.
The global investment firm has acquired a wealth advisory team based in Austin, Texas, which marks its first investment advisory team in the city.
The value-add real estate manager has promoted an asset manager to v.p. of asset management to oversee its asset management team and take over responsibility for risk management.
The firm has added a green energy infrastructure investment team to its Asia business and the transaction is expected to be completed next month.
The philanthropic organization has tabbed a new president after its previous head left last year.