The foundation added two new small-cap equity strategies during the second quarter through full and partial redemptions from two existing small-cap managers.
The general investment consultant’s oversight responsibilities will include annual evaluations of investment policies and risk levels and quarterly reviews of investment performance and asset allocation mix.
The foundation terminated an unconstrained fixed-income manager and reinvested the redemption proceeds with an existing firm at its board meeting in late September.
The foundation has hired a director of impact investing to oversee its program-related and mission-related investment portfolio totaling more than $120 million.
The university recently increased its allocations to domestic equity and intermediate-term fixed-income following a recommendation from its outsourced cio, which completed an annual strategic asset allocation review.
A university based in the Midwest has launched a search for an firm to advise on its short-term fixed-income and cash portfolio.
The trust fund approved new international equity, private equity co-investment and a private credit secondaries investments during its board meeting last week.
The treasurer’s office made selections in its investment consultant and investment custodian searches in the third quarter.
The global investment manager and wealth management firm has acquired a Florida-based registered investment advisory firm as it looks to advance its footprint in Florida and the Southeast region.
Nonprofit investors should look for niche private credit opportunities as they can provide portfolio diversification and strong yields with less beta market risk than mid-market direct lending strategies, which represent the lion’s share of the private credit universe.