Announcements
The discretionary advisor has named the deputy cio of a Southern university as its cio to oversee the development and management of its global investment program.
The firm’s new additions include a director of institutional relationships, head of Atlanta wealth management, operations manager, reporting associate and relationship analyst.
The firm recently closed its oversubscribed fourth fund with $999.9 million in total commitments, reaching its hard cap within four months of launch.
The bill would raise the excise tax levied on annual private university endowment profits in line with the corporate tax rate of 21%.
A recent executive order directs federal agencies to launch civil investigations concerning DEI policies at private sector institutions, including large universities and foundations.
The outsourced cio firm has promoted a partner and head of its client portfolio management group to co-cio, effective Jan. 1.
The university has promoted an investment director to serve as its next investment head as its current cio will retire at the end of the academic year after more than two decades of service.
The firm has hired the former managing director and head of BlackRock’s outsourced cio and central family office to serve as its head of distribution, marketing and client service, where they are responsible for enhancing messaging, expanding distribution channels and marketing initiatives.
The fund-of-funds made a commitment to an investment vehicle targeting start-ups in Southern Wisconsin, where Microsoft plans to make a $3.3 billion investment in cloud computing and artificial intelligence infrastructure.
The firm has hired a senior portfolio manager to focus on its Latin American reforestation strategy as well as conservation strategies across its global portfolio.