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The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
Endowment boards need to have expectations as to how asset allocation and positioning is going to impact short-term results, an interim CIO at a university said, during a conference held in Miami this week.
The CIO said the comments to an audience of financial advisors at a conference held in Miami this week.
The fund ultimately decided to retain its investment consultants and their contract terms following review at its board meeting this month.
The foundation has hired the former head of private equity at Cornell University to serve as its managing director of investments.
The school decided against divesting its endowment from companies and industries implicated in military and police violence in Gaza and the West Bank as the portfolio had a de minimis exposure to identified stocks.
The wealth management firm head of outsourced cio left for a senior role at Brookfield Asset Management.
The governor signed a law that goes into effect this week that bars state colleges or universities in the state from considering ESG-related factors when making an investment decision.
He rejoins the plan after serving as a portfolio manager earlier in his career.
The firm’s employee ownership has grown to more than 70 shareholders.