The University of Adelaide chose Frontier Advisors to be the independent asset adviser to its endowment fund, Frontier said in a statement on Monday.
Frontier, which has A$600 billion ($415 billion) in funds under advice, will monitor and provide guidance on the strategy and structure of the endowment fund, which is used to fund research projects, prizes and scholarships, the statement said.
The endowment fund comprises 560 individual endowments that total A$385.1 million, according to its 2021 investment report, the latest available.
"Frontier offers leading capability across the critical areas we need to consider in the stewardship of the university's endowment funds. They have excellent knowledge of the university sector, a strong performance record and, as somewhat of an added bonus, their team will be led by a university alumna," Peter Prest, the university's acting chief operating officer, said in the statement.
The frontier team is led by senior consultant Claire Casucci, who is based in the South Australian city.
Frontier also serves as independent asset adviser to four other Australian universities: Monash University, the University of New South Wales, Deakin university and the University of Tasmania.