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Plan will hear presentations from four general investment consultant firms at its meeting next month.
The nonprofit has hired the executive director and cio of a nearby public defined benefit plan as deputy cio and they will succeed the nonprofit’s cio following their planned retirement in summer 2024.
The fund approved a search for domestic large-cap growth index managers at its board meeting last week to review pricing and see what others firms could provide the services as it has been utilizing the same manager since 2006.
The foundation recently revised the target asset allocation for its investment portfolio, shifting it toward domestic and developed market equities at the expense of emerging market stocks, and retained its outsourced cio provider.
The university added three private equity managers and redeemed from two hedge fund managers in the first half of 2023 in accordance with a new investment policy approved in late 2022.
The foundation is searching for newly created roles of v.p. of public markets and a v.p. of investment operations following the appointment of a new ceo and cio in the first quarter.
The foundation’s investment head retired this year after more than nine years of service and the role has been filled.
John Balbach serves as director of impact investments at the MacArthur Foundation and manages the operations of the Chicago-based organization’s approximately $500 million impact investment pool. He took the time to answer 5 questions with FIN News.
The program is looking to incorporate ESG and DEI language into its investment policy statement in the third quarter to improve representation of underrepresented communities in fund management and the underlying funds within its portfolio.