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The manager lost its director of direct lending last month.
The retirement fund also adopted a new asset allocation to take advantage of higher interest rates.
Kathryn Leaf will move into the position in 2025, succeeding Managing Partner Paul Ward.
The city’s pooled investment portfolio was previously managed by finance staff.
While the upsets, buzzer beaters and Cinderella stories will take place on the hardwood, Nonprofit News examined how each team stacks up off the court from an endowment perspective.
The fund has decided to terminate its contracts with an international equity and emerging markets equity manager that handles approximately $8.5 billion to comply with state law barring it from investing in financial companies that boycott energy companies.
The U.S. large-cap value equity strategy’s lead portfolio manager will retire after a 27-year tenure at the firm.
The foundation is seeking an investment analyst to focus on global equities and another analyst to handle hedge funds and fixed-income for its endowment.
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.
The foundation has appointed a new investment committee comprised of all females, which is “believed to be the first such investment committee at an organization of its size and scope.”