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The commission has roughly $171 million in various investment funds.
A university based in the Midwest extended the contract of its incumbent general investment consultant during a recent board meeting.
The advisor will guide the firm’s global digital infrastructure platform as it accelerates investments in the next generation of artificial intelligence, data centers and energy.
The new ceo leads a firm with more than $20 billion in assets.
The firms intend to broaden access to diversified public and private market portfolios with a focus on retirement and wealth channels.
Funding for the new investment comes from the partial redemption of another hedge fund manager.
The new chief commercial officer succeeds Adam Spector, who is now ceo of Fiduciary Trust International.
The new managing director was promoted following the recent retirement of her predecessor.
The $50 million investment concludes a search for an additional long/short strategy initiated late last year.