Unions representing 110,000 University of California workers demanded that the system divest holdings from Blackstone Inc., including a recent $4 billion investment with its massive real estate trust.
The health network’s cio will step down from the role at the end of the month to pursue their “next opportunity and set of professional challenges,” while two portfolio managers were named as interim co-cios.
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.