Historically black colleges and universities are reeling, like many other higher education institutions, from the COVID-19 pandemic’s impact on their business models.
Despite these struggles, institutions cannot and should not let those issues stand in the way of growing their endowment portfolios and diversifying them to combat the underrepresentation of diverse-owned investment managers in the approximately $70 trillion asset management industry, allocators and industry experts said.
A university in the South is searching for an investment manager for private investments to be involved in all aspects of investment and manager research for the institution’s endowment.
The former deputy cio of a university in the South has joined a Northeast-based alternatives investment manager that invests in credit, private equity and real estate.