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The city hired two firms on behalf of its three retirement funds, replacing an underperforming incumbent.
The firm has promoted a senior advisor to the fill-time role of president, while also appointing the founder of a financial and strategic advisory firm as a senior advisor.
The village wrapped up a search for its first investment manager in May.
The trust fund approved new international equity, private equity co-investment and a private credit secondaries investments during its board meeting last week.
The treasurer’s office made selections in its investment consultant and investment custodian searches in the third quarter.
A total of four firms were interviewed at a board meeting today.
The global investment manager and wealth management firm has acquired a Florida-based registered investment advisory firm as it looks to advance its footprint in Florida and the Southeast region.
The city is looking for a discretionary manager for its $350 million portfolio.
Nonprofit investors should look for niche private credit opportunities as they can provide portfolio diversification and strong yields with less beta market risk than mid-market direct lending strategies, which represent the lion’s share of the private credit universe.
The university has begun its search for its next investment head as its cio will step down from the role toward the end of the year to focus on his board of directors roles, teaching and philanthropic endeavors.