The health system has added at least four new members to its investment team in recent months, including a director focused on private equity.
The former Johns Hopkins cio joins as a senior partner to help shape customized investment strategies built for clients and access top institutional alternative investments.
The director of finance will be responsible for the foundation’s accounting, operations budgeting, financial reporting, payroll and human resources and audit and tax preparation.
The community foundation hired an investment manager for its endowment, flowthrough legacy and agency funds.
Just over a week ago, Pennsylvania-headquartered SEI purchased a majority stake in Stratos Wealth Holdings for $527 million. FWR asked SEI’s CEO and other senior figures about the reasons for the deal, the outlook for wealth advisory, and more.
The system has issued an RFP seeking investment advisory and management services for its portfolio comprised of approximately 40% short-term and 60% intermediate-term investments.
The positions will be involved in all aspects of the university’s investment and manager research process for its endowment.
The New England-based firm recently held the final close of its fourth growth fund above its $450 million fundraising target.
Columbia will likely avoid the 1.4 percent endowment tax that it could have been subject to under the newly reformed endowment tax tier system introduced in President Donald Trump’s tax and spending bill.
The university is searching for its next investment head as its senior v.p. and cio will retire at the end of the third quarter after more than two decades of service.