Mercer has reached an agreement to acquire Vanguard Institutional Advisory Services’ outsourced cio business, including its more than 1000 clients and 120 team members in the first quarter.
The firm hired a senior v.p. within its alternatives consulting group to implement private equity portfolios, including providing direct partnership evaluations, direct co-investment evaluations and fund-of-funds searches.
The foundation recently appointed the chair of one of the world’s largest stock exchange groups to its board of trustees, which oversees its investment strategies, allocations and performance.
The firm has appointed an operating partner to help identify and support new investments in wealth and asset management.
The university hired an investment analyst to help with diligence, execution and monitoring of investments across asset classes.
The foundation has committed to achieving net-zero greenhouse gas emissions for its endowment by 2050 and the strategy centers on investment in climate solutions and other climate-focused strategies as well as engagement with asset managers and others on data, disclosures and decarbonization plans.
The fund will consider adding a new private equity manager within its trust fund portfolio following a presentation from the firm at its board meeting this week.
The fund considered terminating a high-yield fixed-income manager and launching a search for a replacement firm at its board meeting this week.
The university is searching for an investment director to help oversee its endowment as its director of investments recently left for a new position.
The college has hired a cfo to oversee its financial operations and strategies as its v.p. of financial services and treasurer is set to retire after 30 year of service at the institution.