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The university added two new developed markets equity strategies within its endowment during the fourth quarter after making three redemptions from developed markets equity allocations in the fall.
The new cfo joins from a nearby institution and will manage the university’s finances and investments.
The plan is seeking an investment consultant after last conducting a search for the services in 2019.
The search is due to the impending retirement of its current investment head in June.
The foundation expects to approve an RFP seeking an outsourced cio to manage its endowment next month.
A U.S. representative in the South has reintroduced legislation to institute an excise tax on the endowments of 11 U.S. universities to 6% from the current 1.4%.
The firm has raised $3.5 billion in total capital for its eighth private equity fund.
The pension plan made a core bond investment as well as an infrastructure commitment totaling $210 million last week.
The plan voted to hire new general investment and alternatives consultants at last week’s board meeting.
The plan received four proposals in response to its record keeper search.