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The university is promoting two senior investment team members to lead oversight and management of its endowment as its investment head is leaving after more than a decade of service to take over as the inaugural cio for a fund on the West Coast.
The plan also terminated three equity mandates as part of a domestic equity portfolio restructuring.
The officer will serve as a generalist focusing on primary and direct investments.
Nate Neibauer has joined Academy Asset Management as a client portfolio manager.
The retirement system launched a search for the new position in the first quarter.
The plan approved credit and real assets commitments at today’s board meeting and will consider a private equity commitment next month.
The plan is seeking an index fund suite that excludes China and Hong Kong from its construction.
The retirement system also recently made private markets commitments totaling $16.5 million.
On this episode of Against Consensus, host Angelo Calvello, PhD, and Arizona Public Safety Personnel Retirement System CIO Mark Steed return for a candid AI progress check.
The retirement system will undertake a nationwide search for a successor.
