Cash
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The plan issued an RFP seeking a manager to handle $25 million after approving the search in April.
The institution approved venture capital commitments to a firm that marks a new relationship and terminated a hedge fund manager for liquidity purposes and being overweight its targets to the strategies.
The university has issued an RFP seeking firms to invest its cash reserves in low-risk liquid investment instruments after conducting a similar search in 2016.
Authority has issued yearly RFQ for investment management services.
The firms plan to form a joint venture combining their cash equities and equity research businesses to provide investment insights into the American, European and Asia Pacific equity markets as well as liquidity access and leading global trading technology.
The hire concludes an RFI that was sent to seven overlay managers in September.
The selected manager will handle up to $15 million.
The religious institution hired a new bank custodian for its investment fund and socially responsible investment fund.
The pilot program is expected to launch in mid-October and implementation is slated for January.