Alternatives
The pension plan’s outsourced cio recently hired two risk parity managers to replace the incumbent due to underperformance.
Historically Black colleges and universities have had to operate without the support and resources made available to their peers traditionally, yet they have persisted in fostering their students and communities.
The institutions are facing new and increased pressure to leverage their endowment investments to ensure continued independence and long-term sustainability, something that is proving to be difficult as HBCU investment returns have lagged their non-HBCU peers for the past three years due to smaller allocations to alternatives and significantly fewer investment management resources, among other factors.
The approved venture capital commitments to two new investment managers within its portfolio at its February board meeting as it finds artificial intelligence is creating opportunities for the next wave of innovations.
The university will review its asset allocation during an upcoming board meeting after pausing its plans to build out its private debt allocation.
The senior investment officer, which was responsible for portfolio construction and manager selection for the institution’s private equity assets, has left to launch his own private equity firm.
Market enthusiasm generated by the rapid development of new artificial intelligence products has may signal innovation and growth in the long term, though some of that enthusiasm may have led the markets to overvalue some public equity stocks or venture funds in the short-term, according to an outsourced cio.
The plan also approved a $50 million investment with a new manager within its public equity portfolio at its February board meeting.
The retirement plan committed to a fund-of-funds following finalist presentations at last month’s meeting.
The board also approved rehiring the investment consultant for its deferred compensation plan.
Three large foundations have committed to a women- and BIPOC-led private investment manager’s second private equity fund, which held its final close.