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The university’s previous finance head left after two years in the role.
Endowments and foundations have increased their interest in responsible investing practices despite expressing less concern about the economic backdrop, according to the preliminary results of an annual study.
The college savings plan launched a search in the third quarter due to the incumbent firm’s impending contract expiration.
The position leads the investment strategy for the endowment’s private investments portfolio, which includes private equity buyout, growth equity, private real estate, private energy and venture capital.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan also received a hedge fund search report that includes 22 responses.
The university approved adding a small-cap value equity fund and an all-equity ESG fund as fund options for participants within its defined contribution plan this month.
The new cfo and v.p. of administration will lead, manage and oversee the foundation’s operational and administrative areas.
The foundation made two $1 million loans as part of its impact investment allocation, which targets 5% to investments that align with its mission.
The firm’s oversubscribed inaugural fund will focus on making structured minority investments in well-positioned wealth management firms throughout the U.S.