The foundation’s cfo died unexpectedly at the end of the third quarter after seven years in the role.
A managing principal and consultant at the firm will leave in the first quarter after more than two decades of service.
The firm has launched an equity research group to further build and develop its efforts in the global sustainable energy, technology and infrastructure markets and hired a lead analyst to head the group.
The fund selected a firm to provide low duration/short-term fixed-income exposure over three other managers following finalist interviews held at its board meeting last month.
The 529 plan has issued an RFP seeking an investment manager due to the upcoming contract expiration of its incumbent manager, which has been providing the services since 2003.
Geeta Kapadia is Fordham University’s second cio, tasked with overseeing and managing its approximately $1 billion endowment and building out its investment office. She took the time to answer 5 Questions, plus a few extra, with FIN News.
The Ivy League university’s investment management arm hired an investment director from another institution as its next president to succeed its current investment head, who is set to retire in June 2024 after nearly three decades of service.
The head of the second-largest US university endowment is pouring cold water on one of Wall Street’s hottest markets: private credit. Rich Hall, who took over as chief executive officer of the University of Texas/Texas A&M Investment Management Company in July, said leverage in private credit makes it too risky to boost allocations, even as other endowments and pension funds have been funneling money into what’s now a $1.6 trillion global market.
The university has elected two new vice chairs for its board of trustees and named its first woman board chair.
Citizens in Texas will consider approving a constitutional amendment to rename the National Research University Fund as the Texas University Fund when they vote in state elections on Nov. 7.