The foundation has issued an RFP seeking firms to manage and advise on its funds and investments as well as help with the development of an investment policy.
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The firm added a central regional director to work with nonprofit and institutional clients, providing them with investment advisory, asset allocation and portfolio construction services.
The university elected four alumni to join its board of trustees, including two investment professionals, at the start of this quarter.
The firm closed it latest strategy above its target at its hard cap of $275 million.
The financial services company hired a senior v.p. and senior investment advisor to provide investment management for nonprofit organizations, individuals and pension plans and work with clients to establish appropriate investment strategies.
The university will conduct a search for a new senior v.p. for business affairs and treasurer as its finance head is departing for another opportunity.
The firm announced the final close of its inaugural fund at its hard cap of $1.5 billion.
The firm has hired a director of research to lead its development of in-depth research in technology in support of the firm’s sourcing of opportunities in secondary markets for investors.
The college is searching for a firm to provide investment and policy advice for the management of its portfolio.