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The foundation retained its incumbent provider following a similar search six years ago.
Yue Bonnet will lead the firm’s investment activities.
She joined the plan last month from the Virginia Retirement System.
The pension plan’s cio recently approved three private equity commitments.
The plan will issue an RFP later this year due to standard state procurement laws and has also tabbed several private markets searches.
The incoming ceo joins from the largest state retirement system.
The plan scheduled its annual commitments for private equity, private debt, real assets and real estate.
The plan will interview three firms in its general investment consultant search next week.
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.