The firm elected the managing partner of a private equity firm as the new chair of its board of trustees in early March.
The senior v.p. and advisor at the investment consulting firm recently left to pursue a new opportunity at a firm providing individual and family wealth advisory services.
The hire follows a search launched last year as part of its strategy to review and assess the management of its portfolio every five years.
The foundation has issued an RFP seeking an investment consultant to oversee and advise its diversified investment portfolio.
The firm hired a managing director and head of investor relations to lead its fundraising and investor relations activities as well as create and strengthen new and existing client relationships.
The cio of the employee-owned active equity manager will depart next year as part of a planned retirement and responsibilities will be assigned across the firm during the transition period.
The institution is looking for a firm to conduct a third-party assessment of the appropriateness and use of a risk-based capital model adopted by the 529 plan.
Hire is tasked with developing an impact investing and advisory platform for the Baltimore-based firm’s clients, which include nonprofit organizations, institutions, individuals, families and financial intermediaries.
Historically Black colleges and universities have had to operate without the support and resources made available to their peers traditionally, yet they have persisted in fostering their students and communities.
The institutions are facing new and increased pressure to leverage their endowment investments to ensure continued independence and long-term sustainability, something that is proving to be difficult as HBCU investment returns have lagged their non-HBCU peers for the past three years due to smaller allocations to alternatives and significantly fewer investment management resources, among other factors.
The director of investments will help oversee and manage the university’s endowment.