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The new cfo will oversee the foundation’s finance, accounting, treasury management and human resources.
The foundation revised its target asset allocation in favor of equities at its September investment committee meeting.
The foundation’s previous finance head retired after four years in the role.
The university’s previous investment head retired at the end of the second quarter after nearly nine years of service.
The town received three proposals in response to an investment advisor RFP issued in September.
The university revised the asset allocation of the policy portfolio for its endowment in fiscal year 2024, increased its weight to public equity at the expense of private partnerships.
The trust fund is preparing to conduct an asset allocation study for one of its portfolios, the first since 2022, as it continues to build out its alternative asset classes, including private equity and real assets.
The private equity energy firm has closed its first-ever fund targeting investments related to nuclear facilities and companies above its $300 million fundraising target.
The college will conduct a search for its next v.p. for administration and finance and cfo as its current finance head is slated to retire after the fall semester.
The plan recently hired two investment analysts on its team.
