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The plans selected a firm to provide investment consulting services for its college savings trust fund and prepaid trust fund after issuing an RFP in the second quarter.
The foundation switched to a large-cap core equity strategy with its existing manager from the firm’s dividend growth oriented strategy in an effort to create a more stable and diversified portfolio.
The hire concludes a search for the role launched in the second quarter.
The new cfo will oversee the foundation’s finance, accounting, treasury management and human resources.
The foundation revised its target asset allocation in favor of equities at its September investment committee meeting.
The foundation’s previous finance head retired after four years in the role.
The university’s previous investment head retired at the end of the second quarter after nearly nine years of service.
The town received three proposals in response to an investment advisor RFP issued in September.
The university revised the asset allocation of the policy portfolio for its endowment in fiscal year 2024, increased its weight to public equity at the expense of private partnerships.
The trust fund is preparing to conduct an asset allocation study for one of its portfolios, the first since 2022, as it continues to build out its alternative asset classes, including private equity and real assets.