The college is searching for a firm to provide investment counsel and management services for its portfolio.
The foundation is conducting the RFP process to fulfill its fiduciary duty.
The search for a new cio comes as the institution’s current investment head recently left the role after more than seven years of service.
The investment analyst will provide support and assistance for the oversight and management of the university’s endowment.
The newly approved asset allocation increases strategic targets to private equity and public income.
The acquisition expands SageView’s presence on the East Coast by acquiring a mid-Atlantic based independent registered investment advisor that provides retirement plan consulting services to over 90 institutions and has more than $400 million in assets under advisement.
The fund expects to receive a recommendation to commit $120 million to a new infrastructure manager at this week’s board meeting as it’s underweight its target to the asset class.
The firm has appointed a managing director for the Middle East to help grow and expand its business in a region where it has also opened an office in an international financial center.
The institution is looking to improve its cash flow management, optimize liquidity and establish a robust treasury management system to enhance its financial stability and maximize investment returns.
The investment manager will help with sourcing, evaluating and recommending investment partners across asset classes as well as developing a pipeline of investment opportunities and funds.