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The plan approved a credit commitment with an existing manager and an internally managed absolute return allocation last week.
The plan expects to issue the RFP in 2023 after delaying it for one year.
The university reissued its RFP for non-discretionary investment advisory services for its endowment after canceling the search in the second quarter “due to a change in the requirements.”
The university will consider adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and a private debt manager as it looks to build out its allocation to the asset class.
The board introduced new investment options, including replacing age-based portfolios with target enrollment year portfolios.
The new strategies will be available to institutional and retail clients.
The chair will lead the board in managing the endowment and a collection of funds that support student scholarships, academic programs, faculty research and other activities at the institution.
The new trustees began their terms on July 1.
The firm hired a financial advisor, managing director and branch office manager to provide financial planning and wealth management services to nonprofits, individuals, families and businesses in Virginia.
The v.p. will serve as director of investments for the medical center, helping oversee and manage its portfolio.