Benjamin C. Stewart, the first director of investments for the $639 million University of Oklahoma Foundation, Norman, is looking to boost alternatives at the fund.
Mr. Stewart, who was appointed Aug. 11, said in an e-mail that one of his first tasks will be to further diversify the foundation by increasing alternative investments while trimming public equity exposure. As of June 30, alternatives constituted 15% of total assets, while 41.6% was in domestic equity, 21.9% in fixed income and cash, and 21.5% in international equity.
Mr. Stewart previously was vice president and investment officer at the $278 million Baptist Foundation of Oklahoma, Oklahoma City, which is searching for a replacement, according to Janna Charles, executive assistant to the president at the Baptist Foundation.
