HBCUs can benefit from access to best-in-class liquidity management tools, a higher risk tolerance to optimize their long-term returns and additional opportunities to engage with managers, according to the study.
The foundation has named a former board member and career investor as interim cio to oversee its approximately $5 billion portfolio as its investment head left last year.
The foundation has hired a cfo to help oversee its approximately $1 billion endowment as its finance head is set to depart after more than 16 years in the role.