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The university revised its long-term targets for drivers of return of its endowment, increasing its target to equities at the expense of absolute return, credit and real estate.
The college is fine-tuning its hedge fund and private equity portfolios in the near term as it makes progress on its long-term goal to divest from fossil fuel investments.
The firm has added a senior v.p. and regional director in Washington D.C., to support its efforts to grow its foundation, endowment and nonprofit clients in the region.
The university authorized its board chair to execute or decline a private equity commitment within its endowment in the third quarter.
Firm has added four senior v.p. and portfolio managers to its investment team.
The pension added a new investment and co-investment in real estate and two additional commitments to existing secondaries and venture capital managers in October.
About 42% of the university’s asset managers are diverse-owned as of June 30, a slight downtick from the 44% reported in 2021, but up from the 40% reported in 2020.
The trust has promoted its interim director of investments as v.p. of investments and finance to oversee and manage its investment portfolio on a permanent basis.
The current ceo announced her retirement last month.
The hire concludes an investment advisor RFP search launched in August.