Industry News
Michael Townsend, administrator for the $21.8 billion Arizona Public Safety Personnel Retirement System, will retire later this year.
Faith-based investments offer an untapped opportunity for advisors to better understand the needs of investors, where one registered investment adviser’s new research finds a mismatch in the awareness and usage of the strategies.
The global private investment firm recently invested $825 million in the insurance and asset manager to acquire a nearly 10% stake in the company.
The chief operating and financial officer will retire later this year after more than two decades of service, including helping the organization achieve values-alignment with more than 80% of its endowment.
The investment analyst will monitor existing managers in the portfolio, provide recommendations for changes and conduct due diligence.
The foundation approved appointing its chief administrative officer as its next ceo as its current head will retire on June 30 after more than three decades leading the organization.
The foundation added an investment associate from a nearby foundation in September to maintain an up-to-date potential manager pipeline and analyze investment opportunities.
The firm has closed its third co-investment private equity fund at its hard cap with more than $2 billion in commitments.
The firm, which is affiliated with a life insurance company, has hired a new associate of capital markets and sourcing alternatives from a college that outsourced the management of its endowment in September.
The university has promoted its deputy cfo as its new v.p. for finance and administration and cfo after its previous finance head left for a new position in December.