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The wealth management firm recently hired a senior investment officer from a Southern pension system to serve as v.p. and work with clients on establishing investment guidelines and create strategic and tactical balanced portfolios to suit their needs.
The commitment was made as part of the foundation’s efforts to align 100% of its investments with its mission.
The foundation is looking to add impact or mission-aligned investments to its portfolio as part of its pledge to make it completely values-aligned over the next five years.
The university is seeking a senior investment analyst to help oversee its portfolio and review endowment reports.
The university has issued an RFP seeking firms to invest its cash reserves in low-risk liquid investment instruments after conducting a similar search in 2016.
The university also revised the scope of services in the search to include managing funds after it issues
bonded debt.
The plan expects to select a general investment consultant in November.
Patrick Lee has joined Vaughan Nelson Investment Management as v.p. of institutional business development.
The firm has $40.4 billion of $1.4 trillion in client assets invested with diverse managers.
The firm added an investment team member from Mutual of America Capital Management to focus investment research and portfolio management.
