The university reissued its RFP for non-discretionary investment advisory services for its endowment after canceling the search in the second quarter “due to a change in the requirements.”
The university will consider adding a passive domestic large-cap value strategy to provide a more balanced approach to its equity portfolio and a private debt manager as it looks to build out its allocation to the asset class.
The chair will lead the board in managing the endowment and a collection of funds that support student scholarships, academic programs, faculty research and other activities at the institution.
The firm hired a financial advisor, managing director and branch office manager to provide financial planning and wealth management services to nonprofits, individuals, families and businesses in Virginia.