The investment advisor absorbed substantially all the wealth and investment management firm’s $1.75 billion in assets in a deal that closed earlier this month.
The university increased its targets to private equity and global equity at the expense of hedge funds.
The transaction is expected to close no later than the middle of 2023.
The plan hired a new manager to handle its bank savings fund option as it provides a more stable income source.
The firm appointed its president and ceo as board chair and hired a new executive director for enterprise and operational risk.
The university is searching for a v.p. for finance and administration after its previous finance head retired in June.
A university based in New England has elected two members to lead its board of trustees.
Many nonprofit investors are increasing their sustainable investment strategies to combat shared concerns related to climate change and carbon emissions, according to a recent report.
The firm has acquired another investment advisor to grow its client base throughout the Southeastern region.
The trust fund added private equity and private infrastructure commitments as part of the buildout of illiquid assets in its portfolios.