The university is searching for a cio to oversee investment strategies and portfolio management for its endowment after seeking a discretionary advisor for the portfolio in 2022.
The senior director died on Feb. 13 just shy of their 60th birthday.
The corporation revised its investment policy statement, including a new strategic asset allocation that increased targets to domestic large-cap equity, non-U.S. developed equity, absolute return, private debt, infrastructure and cash.
The managing director recently left the institution after nine years of service to pursue a new opportunity.
The college is seeking an investment associate and a director of endowment administration to help oversee its endowment.
The mid-Atlantic organization has launched an online portal for project applications for its reconstruction investment fund, which looks to invest in critical minerals, hydrocarbons and related infrastructure.
The $100 million investment followed finalist interviews at this month’s board meeting after the fund launched a search in late 2025.
The foundation recently promoted a director of investments to senior director of investments after it expanded its investment head’s role to cover its financial operations.
The state agency expects to issue an RFP for a firm to provide investment advisory and management services for its portfolio due to the impending contract expiration of its incumbent provider.
The foundation hired a new chief financial and investment officer to oversee its finance, investments and grants management following a search from last year.