Industry News
The foundation has hired a new cfo to oversee its finances and help manage its investments following a search from earlier this year.
The fund is expected to be at or near its €7 ($7.6) billion hard cap by the end of the year.
The internal appointment took over the role last month.
She is rejoining the firm after previously being a part of the investment banking division earlier in her career.
The new hire most recently served as managing director of institutional consulting at First Republic Investment Management.
Rupal Bhansali is leaving Ariel Investments after 12 years to start her own firm.
The state retirement system added a private equity-focused portfolio manager to its team this month.
The plan will further consider nine managers in a search that was launched in May.
Outsourced cio usage is expected to “increase considerably’ over the next two years and nonprofit institutions are expected to adopt the discretionary model at the fastest rates, according to new research.
The firm has named its next investment head as its current cio is set to retire at the end of the year after more than 16 years of service.