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The university approved a recommendation from its general investment consultant to add global equity managers in alignment with its fossil fuel divestment policy.
The university hired a private equity firm as its discretionary advisor last year, outsourcing the management of its endowment.
The fund will consider hedge fund and infrastructure commitments to help reach its target asset allocation at its May 31 board meeting.
The foundation is searching for an investment portfolio manager to perform due diligence, research and analysis of potential investment opportunities as well as develop and implement investment strategies.
The foundation is considering hiring an investment manager or outsourced cio to help align its investment portfolio with its mission of expanding local access to music education.
The new director joined from a fellow Chicago-based plan.
The changes stem from a new global equity manager structure.
The firm recently saw the departure of its managing director for marketing.
The global alternative investment firm has promoted two new partners.
The incumbent international large-cap value equity manager had been on watch due to underperformance, asset outflows and organizational changes.