The foundation has promoted a senior staff member to take over as its next ceo this summer as its current head is set to retire after 20 years in the role.
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.