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The firms plan to form a joint venture combining their cash equities and equity research businesses to provide investment insights into the American, European and Asia Pacific equity markets as well as liquidity access and leading global trading technology.
The search is due to the contract expiration of incumbent Innovest Portfolio Solutions.
New rule allows plan fiduciaries to consider climate change and other environmental, social and governance factors.
The institution approved a new passive equity index investment with a diverse manager this summer as part of its commitment to promote diversity, equity and inclusion internally and through its selection of investment managers.
Firm closed Raven Asset-Based Credit Fund II at $834 million.
The trust company is looking to commit $150 million to $625 million annually to alternative assets, including alternative fixed-income, hedged equity and private debt, within its endowment.
The university approved adding a new portable alpha portfolio in one of its main portfolios after first reviewing the consideration in September.
The pension board approved a private real estate commitment last month.
The plan committed to two managers following closed session discussions.
The acquisition increases Westwood’s total assets under management by 33% to $16.3 billion.