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A new fractional cio firm, started by a former managing director of investments at a West Coast nonprofit, provides small and mid-sized nonprofits with a flexible consultancy model to build and institutionalize their investment management capacities.
The independent, fee-only registered investment adviser has launched a dedicated institutional advisory and outsourced cio practice focused on foundations, endowments and nonprofit organizations.
The firm hired an investment consultant on its endowments and foundations team in July to advise on investment objectives, investment policy, asset allocation and manager selection.
The institution is seeking investment professionals, firms or institutions to provide investment management services for its trust.
The plan is searching for investment advisory services for its multiple defined contribution retirement plans, including 403(b), 401(a) and 457(b) plans.
The resignation comes after alleged improper campaign contributions and improper spending.
The senior investment analyst will help manage real assets and hedge fund exposures within the university’s endowment as the previous analyst is now covering buyout and growth investments.
The retirement system opted to retain its general investment consultant at a board meeting last week.
The university has issued an RFP seeking an investment consultant to assist with management of the endowment as well as review its current investment strategy.
The university’s previous cfo left in the fourth quarter to join a private university in the Northeast.
