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The elimination will affect three managers that handle a total of more than $1.7 billion.
New cio joins from a fellow Chicago-based consulting firm.
The city, which has not employed an advisor in the last five years, made the hire last month.
Plan added three commitments totaling $310 million at this week’s board meeting.
The commitments were made with two existing managers.
The funds surpassed their respective fundraising goals.
The plan will welcome Kristin Varela as its new cio next month.
DAMI is calling on Yale University to increase its DEI efforts after a recent article in the student newspaper highlighted the lack of DEI in the investment office.
The foundation has pushed the deadline for proposals in its search for a firm to manage its endowment to Dec. 14 from Dec. 6 after issuing the RFP last month.
The foundation has surpassed its goal of investing at least 20% of its investment portfolio with firms led by managers of color or women ahead of its 2024 goal.
