Industry News
The firm recently added a managing director to its investment team.
Fujita was hired as the new cio of the $31 billion plan in July after spending the last 13 years with the Los Angeles City Employees’ Retirement System.
The oversubscribed fund closes with $1 billion in capital, exceeding its original hard cap of $900 million.
Former Mass General CIO John Barker has joined the Canadian asset management corporation as its investment head and will be tasked with diversifying its portfolio, which has been comprised of Mastercard Class A common stock since its founding in 2006.
Brady O’Connell joined Cliffwater after more than eight years with the investment consulting firm.
ICG has appointed David Saitowitz as head of U.S. liquid credit.
The university added six alumni, including one with investment experience, to its board of trustees in recent months.
The co-founder of a small-cap growth specialist firm died last month due to complications from a previous illness.
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.