Ed Hetherington is joining the University of North Carolina Management Co. as vice president and managing director of public investments for the $3.54 billion UNC Investment Fund.
Spokeswoman Janine Vanzetta Burke said he will start in November.
UNC Management Co. handles investments for the University of North Carolina at Chapel Hill, University of North Carolina and related institutions, and affiliated foundations.
Mr. Hetherington currently serves as director of public markets for the $28 billion United Parcel Service Inc. defined benefit plan, Atlanta. He joined UPS in 2001 as an intern and served as a portfolio manager for global equities from 2007 until 2010. Calls to UPS were not returned at press time.