Industry News
The acquisition will enhance Franklin Templeton’s existing strengths in separately managed accounts and custom solutions capabilities.
Foundations continue to be the leaders of the institutional investment space when it comes to investing with diverse- and women-owned firms as 30 of the top 55 largest foundations collectively invest more than $11 billion with diverse-owned managers, yet work remains as 14 elected not to disclose any data including diversity statistics, according to a study.
Search consultants saw a slight increase in discretionary and non-discretionary advisory search activity in 2020 and more than half expect their searches to increase over the next year with nonprofits expected to be the top segment driving growth.
A private fund management company is being spun out from an investment advisor to offer fund management services to a broader geographic client base.
A community foundation in New England has hired an investment manager to help manage its mission investment portfolio.
A nonprofit based in the South has hired an impact investment staff member.
A state treasurer in the Midwest is looking to hire a deputy director to support the implementation and day-to-day management of one of its programs.