The strategy will focus on investing in growth-stage businesses with proven technology and mission-driven management teams in the areas of planetary health, people health and financial inclusion.
The fund approved fully redeeming from a real estate manager this week due to continued underperformance as its strategy has been affected by its concentration in office and retail properties.
The foundation is searching for an investment analyst to manage its marketable investments portfolio after seeking an analyst focused on private capital and an analyst for its impact investment portfolio.
An investment advisor has agreed to a cease-and-desist order, censure and a $1.5 million penalty to settle charges with the Securities and Exchange Commission, which found the firm made misstatements and omissions about ESG considerations in its mutual funds.