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Endowments and foundations’ have seen substantial asset growth in recent years, “straining the system, including investment staff, IT, and various support functions,” but 71% of surveyed cios said they did not need to add more personnel.
This news comes on the heels of Brightwood expanding its Risk and Underwriting groups this past April with the appointment of Frederick Jelks and Chris Halajian.
The fund is looking to build out its alternatives allocations to align its portfolio with a new strategic asset allocation approved in June.
The real assets sustainability consultant’s new office will seek to tap demand for ESG consulting in North America.
The new trustees, which are responsible for general oversight and management of the institution, including protection and enhancement of assets, include two investment professionals.
The principal will focus on domestic investments with a focus on early-stage companies.
The cio is stepping down from the role to pursue another opportunity in the area.
The nonprofit hired new and existing fixed-income managers to help manage four of its investment pools after issuing an RFQ last year due to the contract expirations of its incumbent providers.
The fund hired 14 fixed-income managers, including four new firms, to handle a portion of its portfolio after issuing an RFQ last year due to the contract expirations of the incumbent providers.
The advisor will provide investment advice to clients in the Greater New York area.