Real estate investment firm The Townsend Group cost the Dallas Police & Fire Pension System up to $1.2 billion in damages by failing to adequately warn it of the risks of investing in undeveloped land, the pension plan told a Texas state court jury Wednesday.
The firm will see a co-founder step down from its executive committee, while various heads of international regions and countries are retiring and transitioning away from the roles.
The university is searching for a new v.p. of finance and administration and cfo to oversee its investment, finance, budget, treasury, real estate, business services and risk management services among others.
The board does much of its work through standing committees that include finance, audit, compensation and organizational development and the Rice Management Company.
The regulatory body proposed amendments to rules and reporting forms for investors to categorize certain types of ESG strategies broadly and require funds and advisers to provide more specific disclosures based on the ESG strategies they pursue.