The firm hired an individual for the newly created role to develop impact equity strategies for clients.
The foundation announced its next president and ceo to lead its operations and strategies as its previous head is set to retire after more than 14 years at the organization.
By now, most know that less than 2% of the U.S.-based investment management industry’s $82 trillion in assets is handled by diverse managers. Maybe less know that historically Black college and university endowments make up an even smaller percentage of higher education endowments nationally.
The college extended the deadline for proposals in its search for investment advisors to provide discretionary portfolio management services after issuing the RFP earlier this month.
The foundation is seeking investment management services for its portfolio and the selected firm will be tasked with investing funds and other negotiable assets to produce maximum total return.
The health system hired its first investment head to oversee approximately $9 billion in assets across its operating, defined benefit pension and health insurance pools.
The university hired a new cfo earlier this month after its previous finance head left to join a nearby community foundation at the beginning of the year.
The foundation hired a new cfo at the beginning of the year to succeed its previous finance head, who retired after 22 years of service.
The church and its affiliated investment manager have paid settlements to close a matter regarding disclosure failures and misstated filings with the Securities and Exchange Commission.
The plan has issued its RFP seeking investment consulting services due to the impending April 16 contract expiration of its incumbent consultant, which is allowed to rebid.