Daily Feed
Nonprofits are increasingly looking toward illiquid investments and fundraising for income due to downward pressure on their operating revenues as a result of the COVID-19 pandemic, according to a recent survey.
The plan made an additional commitment to its existing private equity program manager today.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
The plan has issued a consultant RFP seeking assistance in the development of a plan to close its state defined benefit plan to new hires.
A Mid-Atlantic plan disclosed a recent credit commitment at today’s investment advisory committee meeting.
A medical organization based in the Mid-Atlantic region is searching for an investment associate to support its investment decision making through investment strategy and manager evaluation as well as economic and markets research.
A university in the Northeast has promoted its associate treasurer to the treasurer role to oversee cash and debt management, investment and endowment accounting and student financial services.
A fund in the Southwest rehired a firm to provide investment management services for two separate externally managed fixed-income pools following a search from the second quarter.
The transition process first began in 2019, the firm said.
The plan is watching a manager after two co-PMs departed and hired a new international growth equity manager.