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The selected firm’s responsibilities will include investment management and consulting services in addition to financial wellness consulting.
Markets are due for a correction in 2026 after three consecutive years of double-digit returns on most indexes, with a new study finding many institutions are favoring active strategies.
Jones joined the $79.2 billion Teachers’ Retirement System of Illinois as its deputy cio in 2023 following a tenure at general investment consultant Meketa Investment Group as a managing principal and consultant.
The plan will target $750 million with up to 11 funds next year.
Philanthropist MacKenzie Scott has donated more than $590 million to at least 14 historically Black colleges and universities this year to grow their endowments.
Momentum surrounding environmental, social and governance efforts has slowed in the last two years among managers providing data to a recent study from an investment consulting firm.
The institution hired a managing director, head of corporate development to lead its strategy for engaging and integrating investment advisory teams.
The hire for the newly created executive role will oversee the foundation’s mission investments.
Th state treasurer’s office is searching for a manager of alternative investments to help oversee an impact investment vehicle and an infrastructure fund.
The institution issued an RFP seeking an investment consultant to provide non-discretionary advisory services for its investment portfolios totaling more than $100 million in assets.