Global investment manager Federated Hermes has appointed Ingrid Kukuljan as head of impact investing and Caroline Cantor as an investment director, the firm announced.
The returns for U.S. endowments dipped in 2019 but rose for the 10-year period ending June 30 as the remnants of the financial crisis continued to fade into the past, according to the 2019 NACUBO-TIAA Study of Endowments.