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The foundation has filled its newly created position of senior v.p. for finance and administration to oversee its portfolio.
The university is searching for a new v.p. for finance and administration as its cfo left in the fourth quarter to join an institution in the South.
Foundation’s current head is set to retire at the end of the first quarter after 13 years of leadership.
The university foundation added several strategies spanning private equity, domestic equity, commodities and high-yield and investment grade fixed-income within its endowment last year.
A turbulent market has highlighted just how difficult it is to provide retail investors access to illiquid investments like real estate and other private assets.
The search is due to the upcoming contract expiration of the plan’s incumbent.
Spiros “Sig” Segalas co-founded the firm in 1969. He was 89 years old.
The plan, which began a cio search this summer, made a hire at a special meeting today.
The firm appointed co-heads of its U.S. healthcare sector to provide advisory, capital markets and investing capabilities.
Plan has worked with its incumbent consultant since 2013.