The foundation has filled its newly created position of senior v.p. for finance and administration to oversee its portfolio.
The university is searching for a new v.p. for finance and administration as its cfo left in the fourth quarter to join an institution in the South.
The university foundation added several strategies spanning private equity, domestic equity, commodities and high-yield and investment grade fixed-income within its endowment last year.
The university approved commitments with three existing venture capital firms in late 2022.
The university wrapped up its fixed-income manager search from the third quarter by rehiring the incumbent firm.
The investment advisor absorbed substantially all the wealth and investment management firm’s $1.75 billion in assets in a deal that closed earlier this month.
The university increased its targets to private equity and global equity at the expense of hedge funds.
The transaction is expected to close no later than the middle of 2023.
The plan hired a new manager to handle its bank savings fund option as it provides a more stable income source.
The firm appointed its president and ceo as board chair and hired a new executive director for enterprise and operational risk.