The Harvard Management Company increased its direct holdings of Alphabet and Meta and continued its major sell off of biopharma holdings — which now make up less than 1 percent of the portfolio — during the last three months of 2023.
WHQR’s Ben Schachtman sits down with The Assembly’s Johanna Still to talk about a surprising exit from the president of the New Hanover Community Endowment, the Endowment’s silence, and what’s behind it.
The institution rehired its discretionary investment advisor over two other finalists following the issuance of an RFP in the first quarter of 2023.
The fund approved a strategic new asset allocation that included a maiden target to private credit and increases to its allocations to private equity, bank loans, natural resources, infrastructure and cash at its board meeting last week.
The new deputy cio will oversee the endowment’s strategic partnerships and absolute return portfolios.
The foundation added two new members to its board of trustees, including one with investment experience, in the fourth quarter.
The endowment is searching for an investment analyst to provide analytical support for prospective investments, including assisting with manager meetings and conducting due diligence.
The trust has hired a director of investments after a director left last year to join a financial services firm.
The firm has hired a regional sales director to meet with nonprofits, institutions, families and individuals to convey the firm’s investment approach and solutions.
The endowment will conduct a search for a new president and ceo as its current head has resigned from the position.