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The firm appointed a new cio for its wealth management business as its previous investment head will assume the role of head of the Northeast region.
The newly approved investment policy paves the way for the nonprofit to issue an RFP for investment managers and custodians.
Heavy concerns about market volatility and political risks have led endowments and foundations to increase their allocations to private markets programs and diversify their portfolios in response, a new study finds.
The foundation added public equity and real assets managers to its approximately $1.1 billion investment portfolio over the course of the last fiscal year.
The foundation hired its inaugural cio from a nearby nonprofit to review and evaluate managers’ performance and assess new investments following a search from the second quarter.
The plan will commit $100 million total to three private credit funds next year.
Greg Lindsey joins as managing director for client and partner solutions.
The city intends to hire a new manager to handle its investment portfolio.
Matthew Armas will become the new senior v.p. and cio at Prudential Financial next year.
The plan voted to add a passive option for the asset class that can be funded at a later date if they choose.