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Quebec’s $303 billion pension manager has written off its stake in bankrupt cryptocurrency lender Celsius Network LLC, with its chief executive officer conceding the fund invested “too soon” in the sector.
In new draft rules posted Monday on the website of the agency that oversees Florida’s pension fund, state investment managers can weigh only the risk or return of an investment when directing the state’s $200 billion in assets.
The university hired managing directors for marketable investments and private partnerships last month and is currently searching for an investment analyst/associate following the recent departure of an analyst.
The regional public agency has extended the deadline for submissions in its search for a firm to deposit and invest funds in Federal Deposit Insurance Corporation-insured certificates of deposit, government securities or other fully collateralized assets.
The firm will now be based in a Southern state after originally operating out of Boston.
The San Francisco-based firm hired two managing directors and wealth managers to provide portfolio management, retirement planning and investment consulting services to nonprofits.
KKR has formed a strategic alliance with Loop Capital to bolster its capacity to serve as a full-service underwriter for initial public offerings.
The foundation has added a venture capital firm targeting minority tech entrepreneurs to its portfolio as it looks to boost its impact investment portfolio.
The firm named a market president based in Palm Beach, Fla. to oversee investment management, banking, lending, wealth planning and fiduciary services in the Palm Beach area.
The university will consider investing in an international equity strategy that excludes fossil fuel companies and receive an education on private equity centered on the potential establishment of a maiden 10% target to the asset class.