A wealth and investment advisory firm has agreed to acquire a Philadelphia-based RIA to expand its presence in the region.
A religiously affiliated foundation based in the Midwest has promoted an associate to a director-level position leading investment management.
The trust fund’s general investment consultant recommended the expansion to diversify its public credit portfolio into other credit instruments from exclusively bank loans.
The foundation added a new passive large-cap equity fund to replace two active large-cap strategies within its portfolio to diversify traditional momentum strategies and reduce fees.
The university recently rehired its incumbent investment manager to oversee its operating fund portfolios, extending its contract with the firm through July 2029.
The university is searching for two investment analysts to primarily help with monitoring and due diligence of managers across its public equity, private equity and venture capital assets as well as its credit, hedge fund and real assets portfolios.
The university recently added four new members to its board of trustees, including two investment-related professionals, while also reelecting five board members, four of which are in the investment field.
The economic development agency is looking to engage a firm to review its venture programs and possibly provide ongoing investment advisory services.
The college has launched an RFP for an investment advisor after approving a new investment policy statement in April.
The fund is removing a bond overlay as market monitor signals have moved to short from neutral and is also increasing two infrastructure commitments within its portfolio.