One of Callan’s senior v.p.s left the firm at the end of the year to join a wealth management firm working with individuals, families and a select group of institutional clients as an investment consultant.
The deal, which is expected to be completed by the end of March, will add $292 billion in assets under advisement and about 40 employees to the firm’s institutional practice.
Investors and allocators approached 2024 with an optimistic outlook, anticipating that inflation had peaked and would continue to reverse course, and they were rewarded as the Federal Reserve cut rates and equity and bond returns ended up firmly in the green. The year ahead, however, leaves investors with questions on how to navigate a market where valuations appear full and few assets appear cheap.
The institution is seeking a managing director to spearhead investments in oncology-focused startups and source, evaluate and negotiate early-stage investment opportunities.
The university has rejected student requests to join the boycott, divest and sanctions movement and divest its endowment from companies that do business in or are located in Israel.
The deadline for proposals in a search for a firm to provide investment consulting services has been extended by two days.
The firm has expanded its executive leadership team by promoting three v.p.s to head of client development, head of human resources and office services and general counsel.
At least three nonprofit organizations have committed to a venture capital manager’s inaugural fund, which recently closed with more than $60 million in commitments.
The college’s board of trustees decided against a student proposal to divest its endowment from military and surveillance companies.
The firm has promoted two team members as managing directors on its healthcare and investor relations teams.