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The deferred compensation plan’s active global large-cap growth equity manager had been on watch since the third quarter due to underperformance.
The firm raised the assets following the final close of its latest private equity and continuation funds.
The plan is seeking a firm to advise the fund on an ongoing, as needed basis to assist the board in making prudent investment management decisions.
The commitments were made in closed session at this week’s board meeting.
The plan made three credit-focused commitments with existing manager relationships.
The racial makeup of senior management at investment consulting firms dropped by almost 10%, an “alarming change” in a segment of the market that has an outsized impact on what asset managers are chosen by institutional allocators, according to a new report.
The university has elected six new members to its board of trustees, including four with investment experience, to help guide its educational mission and fiscal policies.
The firm hired a chief investment strategist to provide macroeconomic and investing commentary, thought leadership and market analysis.
The fund has entered a strategic partnership with a global quantitative equity manager, which will see them collaborate to develop cutting-edge investment products and foster innovation to better understand evolving investor needs.
The foundation has hired an investment analyst to wrap up its search for an analyst focused on its public equities portfolio.