Industry News

Philip Evans will join MFS Investment Management as a portfolio manager for the firm’s international intrinsic value strategy on Feb. 1.

Investment advisory firm Miracle Mile Advisors launched an institutional consulting division on Jan. 16.

Cerity Partners has acquired wealth management firm EMM Wealth, effective Jan. 1.

Tortoise has promoted Jean-Hugues de Lamaze and Nick Holmes to managing directors and Adam Peltzer to portfolio manager

The assumption that divestment can hurt the total return of an endowment is based on speculation, according to CJ Ryan, co-author of a recent research paper that found no discernible evidence that divestment of fossil fuels can negatively impact the total return of an endowment’s portfolio.

The ceo of an Ivy-League management company will retire later this year.