The question of how equitable the engagement of higher education institutions with private equity firms and other investment management groups is a difficult one to answer. The reason for this is that there is an incredible lack of transparency in identifying what money managers many higher education institutions are using to steward their endowments.
The college has announced its deputy cio will succeed its first full-time investment head on July 1, when the cio will assume the title of senior advisor to the investment committee before retiring at the end of 2023.
The plan will receive a recommendation to approve a new manager structure for the asset class that will result in eliminations and subsequent searches.