The system will consider four high-yield fixed-income managers for possible inclusion within its portfolio after launching a search in the fourth quarter due to the termination of the incumbent due to personnel turnover and poor performance.
The university hired a new global equity manager and added a commitment to an existing real estate manager relationship within its endowment last week.
The endowment has committed to aligning its $4 billion in assets under management with its mission and values and is developing a new impact framework to guide its investment decisions.
The trust has hired its next cio to oversee and manage its approximately $8.6 billion endowment as its investment head is set to retire in June after more than 21 years of service.
The university will consider approving an impact investment policy statement and investing 0% to 25% of its portfolio in impact investments as part of the policy this week.