The director has left the institution to join an alternatives firm as a managing director focused on investments across non-corporate debt and real assets.
Commonfund will rename its two core businesses effective Feb. 1 to enhance clarity while supporting continued growth.
The diocese hired a new record keeper and service provider for its 401(k) retirement savings plan late last year and transferred the assets to the new provider in mid-December.
Following a year where the majority of asset class returns were in the red with the exception of commodities and cash, the market outlook for nonprofit investors remains murky as institutions expect continued market volatility and slower economic growth.
The firm has announced six senior promotions, including two new partners and four new managing directors.
The firm hired a global head of corporate strategy in the fourth quarter to help define its strategic direction and execute against major strategic initiatives.
The firm has added a four-person wealth management team to provide portfolio management, retirement planning, investment consulting and other wealth management services to nonprofits, private family foundations and other clients.
The plan hired a new investment manager to handle an investment in a non-publicly traded financial security at the end of the third quarter.
The college selected a new investment advisor for its portfolio last year after issuing an RFP in the first quarter.
A fund in the South has issued an RFP seeking firms to actively manage investment funds, which are expected to include an estimated $100 million to $300 million, on a day-to-day basis and provide investment advice.