Daily Feed
The nonprofit organization selected a firm to handle its more than $500 million endowment this month over three other finalists following a year-long competitive bid process.
The discretionary advisor has promoted two staff members as partners and five as managing directors as the firm opened its newest U.S. branch in Texas.
The university added a commitment to a carbon trading impact fund within its endowment in the fourth quarter.
The recent report surveyed more than 250 managers and institutions using sustainable investment strategies.
One of Callan’s senior v.p.s left the firm at the end of the year to join a wealth management firm working with individuals, families and a select group of institutional clients as an investment consultant.
The investment consultant will oversee its approximately $2 billion portfolio after approving the RFP process in the fourth quarter.
The cio and treasurer left the institution in December after nine years of service and the university has named its assistant v.p. and deputy cio to the role on an interim basis.
The endowment is looking to deploy capital in new impact investments targeting change for the nation’s working forests and forest-reliant communities.
The plan has also terminated an underperforming international equity manager.
The agency’s investment portfolio was previously managed in-house.
