President Donald Trump signed into law a bill amending the current 1.4% excise tax on the net investment income of higher education institutions with a tiered system based on institutions’ student-adjusted endowment.
The firm has appointed a new head of responsible investment to lead cross-functional responsible investment initiatives and work closely with clients, regulators and industry organizations.
The firm has hired a head of real estate strategy and research to lead a team responsible for identifying and analyzing long-term and secular real estate investment ideas.
The firm has hired an emerging markets investment specialist to support the development of its emerging markets equity and debt strategies.
An early-stage venture capital fund spun out of a university’s incubator announce its first close with $10 million in committed capital.
The position will be responsible for managing the full cycle of the authority’s investment process, overseeing the structuring, underwriting, negotiation, documentation and execution of bilateral project finance loans in technologies aligned with the Climate Act.
The new firm will provide investment management services for two separate externally managed fixed-income pools after the fund conducted a search last year due to the contract expiration of its incumbent.
The analyst will provide operational support for the university’s endowment and operational pools.
The university has successfully completed its goal of divesting its endowment from fossil fuel companies by 2025.
The university selected a discretionary advisor to select managers, handle executive asset allocation decisions, develop investment strategies and manage the investment processes after issuing an RFP for the services last year.