The institution added several new members to its board of trustees, including two members to its investment committee, which oversees its more than $1 billion endowment.
The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
CIO Karl Scheer oversees the University of Cincinnati’s investment team managing the institution’s approximately $2 billion in combined endowment and other investment assets. Scheer took the time to answer 5 questions with FIN News.
The treasurer’s office hired a firm to handle the inaugural investment within its infrastructure impact investment program after hiring an investment advisor to oversee the program earlier this year.
The acquisition adds $210 million in assets across nonprofit endowment and other clients to the firm, while expanding its presence in Northeast Wisconsin.
The foundation has issued an RFP seeking an investment manager to advise on asset allocation and investment selection for standard due diligence purposes.
The college savings plan approved the search last week and expects to issue an open-invitation RFP next month.
The healthcare system is working on sustainable investment guidelines after reviewing sustainability scores on current investments in the first quarter and evaluating future opportunities.
The discretionary advisor recently hired the co-head of investment operations at a large investment manager to serve as its coo and oversee its daily operations.
The university established new investment lineups with new and existing managers for its 457(b) and 403(b) plans following a review from its general investment consultant and a retirement advisory committee.