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The foundation is conducting the search for standard due diligence purposes and its incumbent advisor is allowed to rebid.
The firm’s current head will transition to serve as a board member to ensure continuity and a seamless transition.
The university has promoted its v.p. of finance to cfo to oversee its financial strategy as its finance head left the institution to take over a nearby nonprofit organization as ceo.
The fund will consider committing additional capital to two new managers within its endowment at its February board meeting.
The new head of institutional business has been with the firm since 2008.
The $604 million portfolio is currently managed internally by the city.
The foundation is launching an impact investment fund dedicated to driving growth and technological advancement in the region through venture capital.
She will lead the economically targeted investment (ETI) program and oversee the diverse and emerging manager and brokerage programs as well as the broader ESG program.
Stellex Capital Management has hired Jason LaDuke as head of portfolio operations.
The university is weighing a revised investment policy statement that includes increasing its targets to domestic and international equities.
