A university based in the Midwest has named the co-founder of an alternatives manager as its new board of trustees chairman.
The four promotes will execute the firm’s “leaders strategy” recruiting talent and investment opportunities.
A Southern trust company will identify and divest from holdings with ties to Russia in response to the country’s invasion of Ukraine.
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.