The Missouri State Employees Retirement System filed an amended complaint against Catalyst Capital Group Inc. accusing it of mismanaging investments. The firm counters the fund is trying to shift the blame for its own mismanagement.
Foundation boards are struggling to promote diversity among their members, according to a recent survey from Commonfund Institute and the Council on Foundations.
Foundations and endowments looking to deliver positive social or environmental outcomes in underserved areas alongside a financial return should look to private markets to generate that impact in 2022, according to a recent report from an investment consulting firm.
A university based in the Midwest has hired a new executive v.p. for finance and administration to oversee its fiscal and investment management as its previous cfo retired earlier this year.