Industry News
An investment and development platform hired a sales director to head its western sales.
A New York-based alternatives investment firm has hired an additional partner.
An Illinois-based equity firm has promoted its president to co-ceo.
CalPERS today reported a preliminary 6.7 percent net return on investments for the 12‐month period that ended June 30, 2019. CalPERS assets at the end of the fiscal year stood at more than $370 billion.
The ship seized last week by U.S. Customs and Border Protection for having transported nearly 20 tons of cocaine into a U.S. port has a very high-profile owner — a JPMorgan Chase fund.
Investment consulting firm RVK has launched a new specialty practice that will provide investment program reviews to investors looking to identify the optimal structure for their investment programs, the firm announced.
Approximately 40 institutions will be affected by last year’s approved excise tax on net investment income of private colleges and universities, according to proposed regulations from the Internal Revenue Service.
The Oklahoma State University Foundation has approved the formation of Multilateral Endowment Management Company (MEMCO), a nonprofit investment management company responsible for providing advisory services to the foundation, affiliated nonprofits and other philanthropic organizations, Foundation CIO Ryan Tidwell said, in an e-mail.
The University of Michigan is searching for a manager of investments to assist in the oversight of its approximately $14 billion in financial reserves, including its $12.2 billion endowment.
CBIZ Inc. acquired “substantially all the assets” of investment consulting firm Gavion on July 1, CBIZ Director of Corporate Relations Lori Novickis confirmed.