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Active management is key to Baylor’s endowment, which has become a top performer among universities. But investment chief David Morehead and managing director Renee Hanna, who run the endowment’s public and private investments, respectively, say cultural factors can’t be overlooked.
Baylor University has traded its way to the top of the university endowment performance rankings. Many universities allocate their money among different assets and adjust periodically. Baylor, led by a former trader, seizes on market moves frequently to boost or cut exposure to its managers.
The foundation has named its next cio following a search for the position as its previous investment head left in last year to join a family office.
The deferred compensation plan is searching for a firm to provide retirement plan administration and record keeping services.
The consultant will continue to advise the pension fund and OPEB Trust.
Scott Maguire has been promoted to the new role after previously leading investor relations.
The pension plan has agreed to keep its executive director on paid administrative leave through May in order for him to receive “professional development.”
The authority is seeking an advisor for its investment portfolios.
The search is being conducted due to the incumbent’s contract expiration.
The plan will receive recommendations to add managers to its watch list.