A college in the Northeast will begin the immediate phaseout of all current investments with fossil fuel-specific managers in its endowment and will exclude all future investments with fossil fuel-specific managers.
The National Association of College and University Business Officers (NACUBO) “is keenly focused on the importance of diversity in asset management positions, as well as diversity in the business officer profession as a whole,” according to a letter from President and CEO Susan Whealler Johnston in response to a letter from six members of Congress that requested the association take a closer look at diversity in endowment management.
Geri Melchiorre is the director of investments for the $731 million University of Illinois. She took the time to take part of FIN News’ new 5 question feature.
A California land commission made a hire in its search for assistance in analyzing the risks and benefits associated with investing in real estate for its investment portfolio.
Members of Congress are calling on the National Association of College and University Business Officers to help increase diversity among college and university endowment managers, according to an announcement.
Foundation and endowment clients of Fisher Investments will review their investments in light of comments made by Founder and Co-CIO Ken Fisher last week.