The fund is searching for an investment associate to assist in the oversight and management of its investments, including assisting with due diligence of prospective investment managers.
Traditional asset managers looking to capture the growth of the endowment institutional channel will need to be highly targeted in their approach for winning mandates as new research finds large endowments with more than $1 billion in assets under management represent the best opportunity.
The plan has terminated an international growth equity fund after placng the manager on watch due to upcoming leadership changes and reinvested the assets with an existing manager in the portfolio.
The firm has hired a senior managing director and head of capital markets to serve on its executive committee and help guide the next phase of strategic growth.