Investment Advisor Joining First Manhattan Co.
Incoming CEO will succeed Todd Gibbons, who retires Aug. 31.
Hire will design and implement investment programs for clients.
Partnership transaction is expected to close in second quarter.
The office will use the consultant’s tradename and research.
The Southern university system approved creating a $300 million endowment to help undergraduate students pay for college with funding coming from investment returns generated by university financial officers.
Platform will span the group’s equity, hybrid and yield businesses.
Fund is backed by several institutional investors and endowments.
The firm focuses on North American small- and medium-sized businesses.
A Catholic university based in the mid-Atlantic region has hired its first cio.