A university in New England has updated its investment policy to prohibit direct investments in coal and tar sands companies and launched an impact investment initiative.

A fund in the South revised its investment policy statement to allow staff to internally invest a portion of its fixed-income allocation in BB-rated securities at a meeting last month.

A university based in New England is reinvesting a portion of its overall investment portfolio currently invested in carbon-intensive companies.

A fund based in the West received a global equity portfolio structure analysis from its general investment consultant last month.

A university based in the Midwest has revised its asset allocation, increasing allocations to alternative assets at the expense of bonds and commodities.

First Republic Investment Management has hired a three-person wealth management team.