The firm hired a global head of its investment management business to handle its strategic direction as well as all portfolio management, client and operational activities.
President Donald Trump signed into law a bill amending the current 1.4% excise tax on the net investment income of higher education institutions with a tiered system based on institutions’ student-adjusted endowment.
The firm has appointed a new head of responsible investment to lead cross-functional responsible investment initiatives and work closely with clients, regulators and industry organizations.
The firm has hired a head of real estate strategy and research to lead a team responsible for identifying and analyzing long-term and secular real estate investment ideas.