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Deputy CIO will help oversee asset allocation to private asset classes.
The new trustees include the co-founder of an Asia-focused real estate investment firm.
The university approved adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and its first private debt manager as it looks to build out its allocation to the asset class.
A foundation based in the Mid-Atlantic region has hired a new finance and investment lead.
The foundation added an associate investment director of asset allocation and risk and a director of risk and operations, while promoting another team member to deal analyst.
The diversity of the university’s endowment remains static year-over-year despite the addition of five new U.S.-based managers and the elimination of two other firms, according to a new report.
The director will manage the plan’s $16 billion private equity portfolio.
The position was last filled in January.
The plans are looking to fill real estate and international equity mandates totaling $22.5 million.
The plan added a 2% maiden target following an asset/liability study last month.