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Plan committed $100 million total to a new credit manager and an existing real estate manager yesterday.
All participating institutions had more than 5% of their U.S.-based assets with diverse-owned firms, however, more than two thirds of the wealthiest 25 private and 25 public college and university endowments refused to participate in an assessment of the diversity of their asset managers.
The fund will consider approving a new strategic asset allocation for its portfolio as well as review the cost and benefits of hedging the fund’s oil and gas revenues as requested earlier this year.
Consultant will assist in the administration of its 529 plans due to the upcoming contract expiration of its incumbent provider, which has been providing the services for more than a decade.
Foundation’s previous v.p. for finance and cfo transitioned to a new role as advisor to the cfo.
New CEO joined manager from security screening company Evolv Technology, where he served as cfo.
He first joined the consultant in 1999 as a senior research associate focused on domestic small-cap equity before leaving in 2003.
The transaction is expected to close in the third quarter, subject to customary closing conditions.
The purchased entity will operate under the buyer’s brand after the close, which is scheduled to occur by the end of June.
Letter was sent to colleges and universities including Harvard University, Yale University and Duke University, arguing that diversification in investment must not come at the expense of abetting human rights violations.