A foundation based in a Western state will lease its steam plant and utility system as part of a public-private partnership and invest a sizeable portion of the deal’s proceeds.
A lawsuit against a Western university foundation alleging a breach of fiduciary duty for underperforming the Standard & Poor’s 500 Index fund for a decade was “dismissed with prejudice” late last month.
Two Midwestern foundations have partnered with a financial technology firm to survey and assess the racial and gender diversity makeup of the U.S. asset management firms that invest their assets.
Investors are seeking broader information around environmental, social and governance (ESG) factors as they analyze investment opportunities and managers are increasing the use of ESG integration for client portfolios to boost asset growth, according to a recent survey.