Daily Feed
Commonfund will rename its two core businesses effective Feb. 1 to enhance clarity while supporting continued growth.
The diocese hired a new record keeper and service provider for its 401(k) retirement savings plan late last year and transferred the assets to the new provider in mid-December.
Rethinking workplace models without sacrificing culture, addressing investments in technology and customizing product offerings will earn success this year.
Following a year where the majority of asset class returns were in the red with the exception of commodities and cash, the market outlook for nonprofit investors remains murky as institutions expect continued market volatility and slower economic growth.
The plan expects to approve a recommendation in the third quarter.
FUnd closes with $12.9 billion in capital commitments.
The corporation added a head of international investments.
Based in New York, he will work to build out the firm’s broadly syndicated loan business.
The city, which did not previously utilize an advisor, made a hire last year.
