The managing director left the foundation last month to help launch a wealth management firm, where they serve as cio.
The Northeast-based firm has launched a dedicated ESG consulting service line to support clients with implementing ESG frameworks, policies and procedures as well as conduct gap analysis.
The firm hired a senior v.p. to lead and build out its institutional outsourced cio practice.
The institution selected a firm to provide investment advisory and management services for its operating funds portfolio at the end of the second quarter after issuing an RFP earlier in the year.
The firm closed its private equity strategy, which focuses on control investments in franchisor and multi-unit companies, with almost $600 million in total commitments, surpassing its $475 million target.
The foundation is seeking a firm to oversee and administer its investment portfolio as well as develop and maintain its investment policy.
The university approved private equity, real estate and venture capital commitments with new and existing managers within its endowment toward the end of the second quarter.
Jacky Shen suspects he was the oldest intern Simon Fraser University’s treasury department ever had.
It was 2007, he was in his early 40s, had just arrived in Canada with his family and was studying for a master’s degree in the university’s wealth management program. As an intern, Shen — now the university’s treasurer and director of investment — joined a department responsible for investing several endowment funds, trusts and pension plans that now have net assets of $1.1 billion.
US college endowments are rebounding from their worst returns since the Great Recession, but increased costs to pay for buildings, salaries and financial aid are cutting into those gains.
The firm has hired two senior professionals to expand its distribution presence in Europe and Asia.