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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 corporation is searching for firms to establish a state venture capital fund and to act as the manager of the fund, for which the state will be a limited partner.
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 health system is searching for an investment operations manager and an investment analyst to help manage its investment portfolio.
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 will look to commit more than $300 million across private equity and private credit this year as part of the pacing plan to reach its target allocations by the end of the decade.
The retirement system will also see its executive director resign on Friday after less than a year in the role.
One consulting firm is making strides to create an industry standard for the rapidly growing yet underreported outsourced cio space.
