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The water authority retirement plan replaced its domestic core-plus fixed-income manager in May due to underperformance.
The plan also terminated an emerging markets equity manager in June.
The plan also named four finalists in its global equity manager search.
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 firm has added investment vehicles from a leading global alternatives investment manager to its alternative investments access platform, which provides RIAs, broker-dealers and their clients access to private markets investments.
The fund approved terminating a core fixed-income manager and reallocating the assets with its two other existing fixed-income managers at its board meeting last week.
The foundation has launched a search for its next cio to help oversee its portfolio after its investment head left late last year to pursue new opportunities.
A new study shows roughly a quarter of Ivy League or elite endowments’ private equity allocations are unfunded, meaning the institutions may need to rely on their liquid holdings within public stocks and bonds.
The foundation is seeking an investment strategist to provide strategic and practical investment advice and give guidance on endowment structure and governance.
The university’s previous finance head left the role to join a leadership development consulting firm.