The foundation added an investment in a global equity strategy focused on environmental sustainability, marking the first institutional investor commitment for the fund.
The university approved a new investment policy statement in the first quarter that included the addition of commercial mortgage-backed securities to its list of eligible fixed-income investments.
The university is seeking an investment analyst to join its seven-member investment team in July after hiring an investment analyst this summer.
The foundation made a commitment to a private equity manager as it looks to achieve net-zero carbon emissions in its portfolio by 2030.
Many nonprofit investors, investment advisors and managers agree that an active equity strategy that can invest in China is the key to capturing returns above U.S. equities.
The foundation is searching for an investment analyst to help with research, reporting and due diligence of external managers.
The university’s investment manager left the investment team last month after seven years in the role.
The foundation approved a maiden private credit target and increased its allocation to hedge funds following an asset allocation study.
The foundation is conducting the search as its current investment officer is set to leave in spring 2023 to support other groups in the philanthropic space.
The university is considering a proposal to increase its asset allocation targets to global equity and private equity.