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A crisis probably was inevitable after a decade of too-low interest rates.
The college savings plan removed an international equity manager from watch status after four years due to improved performance.
The university’s investment manager left the investment team last month after seven years in the role.
The treasurer’s office is divesting from the firm within the state’s 529 college savings plan.
The cfo and comptroller is responsible for all financial functions of the university, including budget execution, financing and execution of all capital projects.
The university will conduct a national search for an executive v.p. and cfo as its finance head is set to retire from the role on June 30.
The 25-member committee will provide advice and recommendations to the Treasury Department on ways to advance racial equity in the economy.
The acquired firms add 37 new employees, including 13 member-owners.
The investment management company is searching for an investment officer to source, evaluate, recommend and monitor investment managers.
The foundation approved a maiden private credit target and increased its allocation to hedge funds following an asset allocation study.