The university approved a new investment policy with asset allocation changes for its endowment, including increases to global equity and private equity, and its retirement plan, including an increase to private debt.
The college has hired a cfo and treasurer to oversee its finances and endowment following a search from earlier this year as its previous finance head retired.
The university has named an interim v.p. for finance, cfo and treasurer for its foundation as it searches for a permanent successor to its finance head, which left on June 30 to pursue other opportunities in higher education finance.
The endowment will call a special meeting to select a firm in its U.S. direct lending manager search after eliminating one firm from a pool of candidates at its board meeting last month.
The university’s previous finance head left the role to join a leadership development consulting firm.
The foundation may look to fill an open investment associate role following the recent departure of an investment staff member, who left to pursue a new role in the nonprofit and philanthropic space.
The college has issued an RFP seeking a firm to provide investment management services for a scholarship fund.
The college selected a firm to provide banking and investment management services as well as armored car deposit responsibilities following the issuance and re-issuance of an RFP in the first quarter.
Wilson, who oversees the St. Louis-based university’s approximatley $2.5 billion endowment, speaks about managing the portfolio in today’s market.
The fund approved a maiden commitment to a private credit secondaries strategy during its August board meeting to take advantage of discounts in the credit secondaries market.