The endowment’s director of operations left last month to join a nearby retirement fund as head of investment operations.
The firm successfully completed its acquisition of the management agreements related to the manager’s Canadian fund business, which totaled approximately $19 billion in assets.
The firm has hired an executive managing director and head of family office services to lead the delivery of its wealth management, fiduciary, tax, estate and administrative services to clients.
The foundation last conducted a search for the services in late 2018.
The governor vetoed legislation that would have mandated the state’s public universities invest a portion of their endowments into innovation funds, finding it did not adequately recognize the independent fiduciary responsibilities of the institutions.
The foundation is considering introducing alternatives investments within its portfolio after hiring a new firm to provide non-discretionary investment consulting services to conclude an RFP process from last year.
The organization changed its name to the Andrew Carnegie Foundation to honor its founder on the 115th anniversary of its formation.
The nonprofit is seeking firms to provide discretionary investment management services for its up to $40 million in assets.
The university approved the appointment of a managing partner at a health care and technology-focused venture capital firm as a new member to its board of trustees earlier this year.
The university is seeking an analyst to support its day-to-day finance, operations and compliance activities.