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A foundation based in the Midwest has hired a new cfo to oversee its endowment and budget.
The plan is conducting an “opportunistic search” for small-cap core managers to potentially handle up to $200 million.
He is expected to leave on March 31.
The hire is a result of a new asset allocation adopted last month.
The commitments were made in closed session at a special board meeting this week.
The PM will contribute to the U.S. equity platform and the global small-cap equity strategy.
One partner serves as a consulting director, while the other is a research analyst.
They join the private investment firm from BlackRock and Warburg Pincus.
The director will primarily build relationships with U.S. institutional investors.
Billionaire hedge fund investor Chris Hohn of TCI Fund Management has generated $12.6 billion in gains over the past two years. Here’s how he’s trying to get companies to cut their carbon emissions.