CEO Narv Narvekar has begun his overhaul of the $35.7 billion endowment.

Columbia CIO Peter Holland has replaced Narvekar, who took over Harvard’s endowment on December 5.

The New York City Bureau of Asset Management promoted Alex Doñé and Michael Haddad to the deputy roles.

The freeze puts increased focus on asset managers, their systemic risks, and the Department of Labor’s fiduciary rule.

How to minimize risk at a time when persistent low interest rates have left many pension plans underfunded.