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The university is searching for a v.p. for finance and administration to manage its endowment and oversee its investment portfolio after its previous finance head left at the beginning of the year to join a boarding school as cfo.
The fund wrapped up its search for a firm to provide fixed-income investment management services for its portfolio at its May board meeting, selecting a firm over six others based on its fees and past performance.
The program approved changing an underlying emerging market det fund within its lineup due to outperformance and its investment consultant’s bias toward active management in the less efficient asset class.
The community foundation has partnered with local government to invest $200 million in loans and grants for affordable housing projects.
The foundation approved new allocations to private debt, real estate and fixed-income strategies in the first quarter.
The promotion comes as the foundation’s previous head is set to retire late next month.
The college hired a senior investment associate in the first quarter to help oversee its endowment and source and conduct due diligence on new investment opportunities.
The district expects to notify the selected firm of the contract award on June 30.
One of three portfolio managers on the international equity team departed.
A former v.p. has joined a seed platform for alternative investment managers.