A nonprofit organization in the Midwest has divested its endowment from fossil fuels and selected an investment advisor to manage the portfolio effective July 1.
HSBC Asset Management has acquired a minority stake in a U.S.-based ESG and diversity and inclusion focused consulting firm, which will become a female-owned asset management firm focused on ESG investment opportunities for institutional and wealth management clients, the firm announced.
A foundation based in the Midwest rebalanced its fixed-income allocation in anticipation of volatility within the asset class at its board meeting last month, according to video.
A 529 plan based in the West has reissued its RFP seeking a program manager as its board elected to reject all proposals received in its previous search as they did not meet the searches requirements.
A university in the Mid-Atlantic region is seeking an associate director to help manage overall portfolio allocation and risk, with particular responsibility around manager allocations across asset classes.
A foundation based in the Midwest expects to make additional program-related investments later this year after approving a loan for a pharmaceutical and health services startup at its May board of directors meeting.