A university in the Northeast fully redeemed its investment in a global natural resources manager and invested the proceeds in a fixed-income manager this summer.
Rick Tyson joined wealth advisory and investment management firm Fiduciary Trust as v.p. and investment officer on Sept. 16, Spokeswoman Emily Stoermer said, in an e-mail.
James C. Donnelly Jr. has joined Rockland Trust as v.p. and commercial financial consultant for its Investment Management Group, according to an announcement.
For the 12 months ending June 30, 2019, Stanford Management Company generated a 6.5 percent investment return, net of all internal and external costs and fees, but gross of the newly levied tax on certain endowments.
I am pleased to report that as we closed fiscal year 2019. the Total Endowment achieved top-quartile performance relative to other endowments, returning 7.3 percent for the fiscal year ending June 30, 2019.