The Oklahoma State University Foundation has approved the formation of Multilateral Endowment Management Company (MEMCO), a nonprofit investment management company responsible for providing advisory services to the foundation, affiliated nonprofits and other philanthropic organizations, Foundation CIO Ryan Tidwell said, in an e-mail.
The University of Michigan is searching for a manager of investments to assist in the oversight of its approximately $14 billion in financial reserves, including its $12.2 billion endowment.