Emerging markets equities have increasingly ignited interest for institutional investors in recent months and while commitments slowed in March due in part to geopolitical issues and what the industry views as short-term volatility, these investments remain beneficial to portfolios.
Stable Asset Management has entered into a definitive agreement to sell a portfolio of minority, net revenue-share interests in alternative asset managers.
The plan tapped an active manager after voting to move to an all-active approach for the fixed-income portfolio to achieve better long-term return prospects.
The firm appointed a director to oversee the groups responsible for endowment and foundation public and private investments, relationship management and business development.