The foundation will promote two of its managing directors to the roles of cio and deputy cio as its investment head is leaving to pursue a new opportunity in their hometown of Pittsburgh.
Higher education institutions and their athletic departments are looking to private equity to help fund new athlete revenue-sharing models and facility costs driven by mounting financial pressures from the recent House v. NCAA settlement.
It’s the last resort for institutions on the brink: tapping restricted funds from donors to keep the lights on. ‘The money they donated is not being used for what they gave it for.’
The independent, fee-only registered investment adviser has launched a dedicated institutional advisory and outsourced cio practice focused on foundations, endowments and nonprofit organizations.
The firm hired an investment consultant on its endowments and foundations team in July to advise on investment objectives, investment policy, asset allocation and manager selection.
The institution is seeking investment professionals, firms or institutions to provide investment management services for its trust.
The plan is searching for investment advisory services for its multiple defined contribution retirement plans, including 403(b), 401(a) and 457(b) plans.
The university’s previous cfo left in the fourth quarter to join a private university in the Northeast.
The university system is searching for a managing director to help oversee and manage its cash and endowment pools after promoting its deputy cio to its investment head in the first quarter.
The foundation recently committed $4 million to a value-add real assets manager investing in climate-resilient U.S. farmland and timberland.