The organization has issued an RFP seeking retirement plan investment advisory services to minimize investment cost, improve operational efficiency and maximize investment capabilities.
The senior v.p. for finance leads the university’s finance department and joined the institution this month after six years at another southern university.
The fund has received an $100 million unrestricted grant to support its capital campaign and will deploy it by building a pooled endowment fund that will increase member institutions endowments by $10 million each.
The firm has selected its next ceo and co-presidents as part of its succession strategy.
The institution appointed a managing director at an investment advisory firm to its board of trustees, which helps oversee its endowment.
The institution retained its investment consultant to oversee its endowment funds following a search due to the incumbent’s contract expiration.
The university revised the asset allocation for its endowment last year, increasing its allocation to private market investments at the expense of marketable alternatives.
The firm appointed a regional director of its Cleveland office to lead its team of planning, fiduciary and investment professionals.
The university added an analyst to help conduct research and analysis on financial markets as well as existing and prospective investment managers.
The college savings plan approved asset allocation changes to its actively managed and passively managed enrollment year investment portfolios at its board meeting last month in response to significant structural shifts seen in the market over a short period.