The university selected its incumbent investment manager over two other finalists in a search launched in the third quarter.
New cfo will lead the foundation’s financial function and help oversee its investment portfolio after its previous finance head left last summer to start their own business consultancy firm.
The university adjusted its investment policy to allow for increases to its equity portfolio following a recommendation from its investment advisor to diversify and enhance portfolio returns.
The firm has hired a head of client service to oversee the ongoing design and execution of the overall client service experience.
The firm added a 12-person team in the Boston area from Merrill Lynch to provide portfolio management, retirement planning, investment consulting and other wealth management services.
The foundation affiliated with the Lutheran church moved to an outsourced cio model from a traditional investment consultant model following a search from last year.
The foundation has hired an investment analyst to help oversee its portfolio and provide research, reporting and due diligence of external managers.
The public trust fund is searching for discretionary investment managers to handle a portion of its $871 million investment portfolio comprised of fixed-income investments.
The university will fund 20 fellowships for its graduate students that are looking to become leaders in the finance industry and each fellow will have an individual mentor from the university’s investment staff.
The university approved private equity, real asset, international equity and fixed-income investments with new managers in the second half of 2022.