Daily Feed
Today, we proudly unveil our fifth annual special edition of FIN Daily, dedicated to honoring Juneteenth.
United Church Funds has 23% of its entire portfolio invested with diverse-firms presently, including 72% of its domestic equity portfolio managed by diverse-owned firms after successfully completing its goal of having more than 60% of the domestic equity portfolio managed by diverse-owned firms in 2023, more than a year in advance of the 2024 deadline it imposed on itself.
Despite the venture capital space setting records with an increased number of Black-owned funds, challenges remain for these underrepresented managers such as bias and a lack of access, which leaves institutional allocators seeking ways to address the barriers.
The college savings plan has hired a new executive director to lead all aspects of the program after its previous head left last month.
The firm is conducting a search for an associate for investment manager research after a consultant left the firm last month to pursue a new opportunity.
The plan will conduct a search for an executive director after its head retired after nearly a decade of service at its June board meeting.
The firm has promoted its senior v.p. and head of distribution to ceo and its senior v.p. for product management, corporate development and affiliate relations to coo.
The fund is currently searching for opportunistic credit managers for its portfolio after consolidating its public credit portfolio into a passive U.S. aggregate bond index in the first quarter.
The fund approved a recommendation from its general investment consultant to add a new bank loan manager across three of its portfolios this month.
The college is conducting a search for a director of investments to help oversee and manage its endowment after its investment director took a career sabbatical.