The firm has hired a director to help build its ESG initiatives and advise portfolio companies on their implementation of ESG best practices.
Firm’s new global head of real estate will lead the growth of its Canadian and U.K. real estate platforms in key markets.
The changes followed two separate asset/liability studies from general investment consultant
Verus.
The wealth management firm has hired a seven-person team led by four managing directors and wealth managers to provide portfolio management, retirement planning, investment consulting and other wealth management services to nonprofits, private family foundations and other clients.
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.