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The institution will review the asset allocation for its endowment this week and consider increasing its private equity target.
The 529 plan increased its cash target in anticipation of significant cash outflows over the next two years with funding coming from reductions to fixed-income and public equities.
The St. Louis-based firm hired a co-cio to lead its discretionary investment business and head its manager research function.
The university hired an investment analyst in its search for junior investment team members to assist in the oversight of its approximately $3.5 billion endowment.
Firm’s strategy had underperformed the MSCI EAFE Index over the one- and three-year periods ending March 31.
Plan may conduct a non-core real assets manager search in the third quarter and recently simplified its domestic equity portfolio.
Commitments to two existing managers totaled $80 million.
He will evaluate investment opportunities across multiple sectors in the Americas.
Chief global economist and head of global macroeconomic research was most recently deputy national security advisor for international economics under President Joe Biden.
The previous CEO will stay on as executive chairman.
