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.
Doherty joined the foundation in July 2018 after almost two years as operations director for the UK Community Foundations.
The fund hired a new cio to oversee and manage its portfolio from a Southwestern defined benefit plan, which its previous investment head left to join last summer.
The firm has named co-heads of Asia ex-Japan fixed-income effective Jan. 3 as part of a measured transition ahead of the retirement of its co-head of emerging markets and head of Asia ex-Japan fixed-income in June 2023.
The university invested $4 billion in the Blackstone Real Estate Income Trust and the firm will provide a $1 billion backstop if the fund does not achieve a minimum annual return of 11.25% for six years.
Foundation’s current head is set to retire at the end of the first quarter after 13 years of leadership.
A turbulent market has highlighted just how difficult it is to provide retail investors access to illiquid investments like real estate and other private assets.