The university is searching for a new v.p. for finance and administration as its previous finance head left in July to take over as chief financial and operational officer at a nearby foundation.
The university is looking to add an investment manager to primarily assist with sourcing, researching and recommending equity-oriented investments.
The organization pivoted its asset allocation toward domestic large-cap equities as part of revisions and also added a real assets strategy.
The plan has terminated an international growth equity fund after placng the manager on watch due to upcoming leadership changes and reinvested the assets with an existing manager in the portfolio.
The university approved a new investment policy with asset allocation changes for its endowment, including increases to global equity and private equity, and its retirement plan, including an increase to private debt.
The college has hired a cfo and treasurer to oversee its finances and endowment following a search from earlier this year as its previous finance head retired.
The university has named an interim v.p. for finance, cfo and treasurer for its foundation as it searches for a permanent successor to its finance head, which left on June 30 to pursue other opportunities in higher education finance.
The endowment will call a special meeting to select a firm in its U.S. direct lending manager search after eliminating one firm from a pool of candidates at its board meeting last month.
The university’s previous finance head left the role to join a leadership development consulting firm.
The foundation may look to fill an open investment associate role following the recent departure of an investment staff member, who left to pursue a new role in the nonprofit and philanthropic space.