The new investor responsibility framework was developed to guide the company’s investment approach and align with broader sustainability and social responsibility objectives of its founding institution.
The foundation’s previous investment director focused on private markets was promoted to managing director in the fall as part of investment office succession plans.
A 529 plan based in the Southwest has hired an investment manager and program manager for its advisor-sold plan following a search from last year as its incumbent provider was acquired in 2020 and declined to extend its contract last year.
Two foundations have committed to a strategy that invests in funds and direct co-investments backed by diverse and women-owned venture capital and private equity firms to advance greater diversity, equity and inclusion in the financial markets.
A foundation based in New York hired an investment analyst to assist in the management of its portfolio in the fourth quarter following a search for the position conducted last year.
A community foundation added a new fixed-income manager across two of its portfolios and two hedge fund managers in its socially responsible investment portfolio last year.
Historically black colleges and universities, typically limited by the size of their assets, are looking to gain further access to alternative assets, particularly private equity and venture capital, as they seek to grow their endowments to further their mission as well as capture outsized returns that have swelled higher education institutions’ portfolios, according to investors and allocators.