Daily Feed
The authority is seeking an investment manager for a roughly $15 million portfolio.
Plan bolstered its private equity and private infrastructure allocations with commitments to two existing manager relationships.
The plan approved the commitment as part of its pacing plan last month.
The global firm is acquiring the manager’s ETF business and infrastructure, which focuses on supply chain onshoring and energy transition.
The flexibility and environmental impacts of a portfolio targeting net-zero greenhouse gas emissions enhances the ability of endowments to support climate change solutions without sacrificing returns, according to endowments and their investment consultants.
Managers need to target consulting firms that align with their business, upgrade their consultant relations team, embrace consultant databases and position themselves as though leaders to successfully master those relationships, according to a new report.
A university based on the West Coast has completed divesting its endowment from fossil fuels after five years.
The college is growing its endowment to more than $1.5 billion after estate commitments and a matching gift from an anonymous donor.
The fund will consider hiring an overlay manager to synthetically replicate its public credit benchmark and policy index after holding a second reading and considering adopting proposed changes to its investment policy statement and strategic asset allocation.
The university has hired a new v.p. and cfo from a nearby institution following a search from the first quarter as its previous finance head left for another West coast university.