The university will now consider sustainability factors as part of its investment decision-making process after approving a new investment policy statement this summer.
The university is searching for a managing director focused on global equity and absolute return strategies after its managing director retired after more than two decades of service.
The foundation added an investment in a global equity strategy focused on environmental sustainability, marking the first institutional investor commitment for the fund.
The university approved a new investment policy statement in the first quarter that included the addition of commercial mortgage-backed securities to its list of eligible fixed-income investments.
Many nonprofit investors, investment advisors and managers agree that an active equity strategy that can invest in China is the key to capturing returns above U.S. equities.