The trust fund revised the target asset allocation for its reserve pool at an April meeting, increasing its targets to fixed-income and international equity, following a study on its investment policy and practices.
The foundation is searching for an investment manager to invest its portfolio and develop strategies that align with liquidity, risk and income criteria.
The university has hired a new cfo to oversee its finance and investments following a search from last year as its previous finance head left for a Southern university.
Peterfeso serves as managing director of investments at the Bush Foundation and oversees its approximately $1.5 billion endowment, leading asset allocation, manager due diligence and selection and rebalancing.
The foundation added an investment operations analyst to help prepare and execute all investments and assist in all investment-related or performance-related data collection following a search from the fourth quarter.