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The plan replaced its target date fund manager due to the firm’s underperformance.
Regardless of whether inflation continues to slow or the global economy steers clear of a recession, endowments and foundations should not base portfolio construction on market timing but instead focus on longer-term areas of opportunity like private equity and international equities, according to one consulting firm.
The firm has completed an initial close of its fund targeting sustainably managed forestlands with more than $200 million in commitments.
The global asset manager has raised approximately $1 billion for an energy transition infrastructure fund.
The firm has hired a managing director to oversee its DEI investment portfolio and HBCU investment strategy.
The university added a principal to its investment team in the third quarter to focus on real estate investments.
The university was slated to approve a buyout private equity commitment to a new manager within its endowment at its meeting last week.
The college hired a new v.p. for business and finance and cfo to oversee its finances and help manage its endowment after its previous finance head retired in May.
The college is seeking a firm to advise and assist in the development of short-term and long-range financing plans as well as advise on investment of funds.
The institute has issued an RFP seeking an investment advisor to manage fund managers, recommend allocation changes and provide objective, external reporting on performance after canceling a search in 2021.