The fund approved a new strategic asset allocation to continue to move its assets toward an endowment style portfolio with private markets investment exposure.
The university is reviewing the investment policy and asset allocations for its short- and long-term pools as well as its foundation alongside its general investment consultant.
Foundation’s board is led by an assistant v.p. of risk and analytics at CarMax and includes a v.p. of investments and private client advisor with J.P. Morgan.