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Princeton will not have to pay any net investment income tax on returns from its $36.4 billion endowment, a University investment official said at a private event in January, after a recent expansion of its undergraduate financial aid program left the University below a 3,000 tuition-paying student threshold to qualify for taxation.
Kristy Klein Davis has led the Georgia Health Initiative as its president and ceo since joining in 2022. Klein Davis took the time to answer 5 Questions with FIN News.
The retirement system also terminated the employment of its chief benefits officer.
The retirement system also hired three firms in its diversifying strategies manager searches yesterday.
The new asset allocation also eliminated the plan’s hedge funds portfolio.
The pension fund hired two firms to replace a previously terminated underperforming manager.
The retirement fund received three proposals in response to its fixed-income consultant RFP.
The plan launched a search earlier this year to replace an active domestic mid-cap core equity manager.
She will focus on business development and institutional fundraising efforts for the firm’s real estate strategies.
The announcement comes as current Global Equities CIO Steve Auth will retire later this year.
