The firm announced the appointment of its next president to help lead its strategic direction and corporate growth following the planned departure of current president.
The board approved conducting a search for an investment consultant for its more than $2 billion in assets at its meeting in early February.
The firm hired an individual for the newly created role to develop impact equity strategies for clients.
The foundation announced its next president and ceo to lead its operations and strategies as its previous head is set to retire after more than 14 years at the organization.
By now, most know that less than 2% of the U.S.-based investment management industry’s $82 trillion in assets is handled by diverse managers. Maybe less know that historically Black college and university endowments make up an even smaller percentage of higher education endowments nationally.
The college extended the deadline for proposals in its search for investment advisors to provide discretionary portfolio management services after issuing the RFP earlier this month.
The foundation is seeking investment management services for its portfolio and the selected firm will be tasked with investing funds and other negotiable assets to produce maximum total return.
The health system hired its first investment head to oversee approximately $9 billion in assets across its operating, defined benefit pension and health insurance pools.
The university hired a new cfo earlier this month after its previous finance head left to join a nearby community foundation at the beginning of the year.
The foundation hired a new cfo at the beginning of the year to succeed its previous finance head, who retired after 22 years of service.