The firm’s head of impact investing will retire this summer and the firm has named a portfolio manager on its impact investment team as their successor.
The university increased its targets to public equity and private real assets to reduce portfolio complexity and take advantage of higher interest rates.
New managing director and head of investments joins from a nearby endowment and bolsters firm’s investment research, analysis and due diligence capabilities.
The bill will help ensure colleges and universities are providing opportunities to women and minority asset managers by mandating transparency and standardizing data collection.
The fund will hold a first reading of proposed changes to its investment policy statement and strategic asset allocation, including increased allocations to fixed-income and hedge funds, at its June 29 board meeting.