Eastern Michigan University Hires Firm To Help Manage Investments
Eastern Michigan University has chosen NEPC to manage the school's $58 million endowment fund. The firm was chosen from nine companies that responded to a request for proposals in November.
The Boston-based firm will provide oversight and assist EMU's Board of Regents in their efforts to revise the school's investment policies. They will also recommend investment strategies and actions and perform quarterly reports on EMU's portfolio compared to benchmarks.
EMU is paying NEPC $95,000 a year for its services, but the amount could change over the span of the contract based on inflation. The contract runs through March 2017.