Announcements
Two large foundations have provided anchor investments in a new local journalism fund managed by a social impact registered investment advisory firm.
The mid-Atlantic fund has partnered with an institutional investment advisor and outsourced cio to expand educational access to professional investment reporting and analytics to Historically Black college and university students.
The firm has hired a global head of product strategy to help identify opportunities, understand changing needs and translate insights into clear product choices for its clients, which include pensions, foundations and endowments.
The Canadian government selected Bridgewater Associates Co-CIO Karen Karniol-Tambour to lead the country’s first national sovereign wealth fund, the Canada Strong Fund, as ceo.
The foundation names its first-ever cio to oversee its endowment after its previous investment head left earlier this year to pursue work aligning capital with climate solutions and equitable economies.
A group of nonprofits in the Chicago area have partnered up to commit a total of $114 million as part of an impact investment initiative promoting small businesses and affordable housing in underserved communities in the city.
The healthcare system selected an outsourced cio to oversee its endowment, operating and pension assets following an RFP process from June.
The firm hired its next ceo to oversee its strategic direction, business operations and organizational growth after its previous ceo retired after seven years of service.
The acquisition adds approximately $1.1 billion in assets on behalf of individuals, high-net-worth individuals, trusts, estates, charitable organizations and businesses.
The senior managing director will advise foundations, endowments and nonprofit institutions on investment strategy, asset allocation, portfolio construction and risk management.
