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The plan replaced its domestic all-cap equity manager, which had been on watch since April 2022 due to underperformance.
The firm will operate under the Mariner Institutional name once the deal is finalized, which is expected in April.
HBCUs can benefit from access to best-in-class liquidity management tools, a higher risk tolerance to optimize their long-term returns and additional opportunities to engage with managers, according to the study.
The foundation has named a former board member and career investor as interim cio to oversee its approximately $5 billion portfolio as its investment head left last year.
The institution is seeking emerging stock managers as it looks to host a roundtable event in late March or April.
The system will consider making a growth private equity commitment at its Feb. 1 board meeting this month.
The system is searching for a director to help oversee and manage its portfolio with a focus on private equity.
The foundation has hired a cfo to help oversee its approximately $1 billion endowment as its finance head is set to depart after more than 16 years in the role.
The firm hired the investment and wealth management team of another investment advisory firm.
The global asset manager has named two staff members to its executive board as one of its heads is set to retire.