Corporate Moves
Ellen Ellison, University of Illinois Foundation CIO, Steps Down
The allocator shared on social media that she will be leaving to pursue other endowment and investment-related activities.
The school will also invest up to $25 million with climate impact funds.
The $2 billion fund, now in the market for its first CIO, decided it’s big enough to shift asset management internally.
However, the average 10-year return beat long-term objectives for the first time in a decade.