The founder of the Simons Foundation, who previously led leading quantitative hedge fund manager Renaissance Technologies, died on May 10 in New York City at the age of 86.
The institution approved divesting its endowment from companies profiting from the war in Palestine earlier this month and will look to explore investments that proactively support humanitarian and entrepreneurial companies doing positive work in the region.
The foundation is searching for a director of investment operations to be responsible for recording investment activity and managing asset allocation for its endowment.
The fund has added fixed-income, bank loan, international equity and private equity investments to its endowment in recent months as it builds toward a new strategic asset allocation adopted in the first quarter.
The new actively managed high yield bond exchange-traded fund aims to maximize current income with a secondary goal of capital appreciation and the strategy will invest at least 80% of its net assets in U.S.-dollar-denominated high-yield corporate bonds.
The foundation is searching for eight investment-related positions, including managing directors of investments, directors of investments and senior portfolio managers, as part of the build out of its investment team.
The fund is seeking a new international small-cap equity manager after approving a new international equity structure at its board meeting in the first quarter.
The co-founder and co-executive chair of a leading global alternative manager is donating a substantial gift to a college preparatory boarding and day school – the largest single gift ever made to the institution.
The endowment has launched its search for its next president and ceo after its previous head left the institution following nearly two years of service.