The institution rehired its discretionary investment advisor over two other finalists following the issuance of an RFP in the first quarter of 2023.
The fund approved a strategic new asset allocation that included a maiden target to private credit and increases to its allocations to private equity, bank loans, natural resources, infrastructure and cash at its board meeting last week.
The new deputy cio will oversee the endowment’s strategic partnerships and absolute return portfolios.
The foundation added two new members to its board of trustees, including one with investment experience, in the fourth quarter.
The endowment is searching for an investment analyst to provide analytical support for prospective investments, including assisting with manager meetings and conducting due diligence.
The trust has hired a director of investments after a director left last year to join a financial services firm.
The firm has hired a regional sales director to meet with nonprofits, institutions, families and individuals to convey the firm’s investment approach and solutions.
The endowment will conduct a search for a new president and ceo as its current head has resigned from the position.
The firm has added a director of portfolio management to help construct and manage discretionary portfolios.
The system approved target asset allocation changes to both its endowment and reserve pools at its Feb. 1 investment committee meeting.