Daily Feed
Emory University is anticipating a multimillion-dollar increase to its tax bill this year, which could mean less money for research and student scholarships.
The university has promoted a director in its investment team to serve as interim cio as it conducts a search to fill the role on a permanent basis.
The three new senior leaders will all report to Head of Distribution Tiffani Potesta.
The oversubscribed fund brings the firm’s total capital raised to over $5 billion.
Frazier Life Sciences has closed its 12th venture fund with over $1.3 billion in capital commitments.
The county selected a firm after not previously utilizing a consultant for its deferred compensation plan.
The retirement system may commit up to two firms for a total of $14 million.
The plan reviewed proposed allocation mixes that add a dedicated high-yield bond target while significantly increasing intermediate grade core-plus fixed-income, both of which would result in searches for new managers.
The pension plan replaced its domestic large-cap growth equity manager in the second quarter due to underperformance.
The foundation hired a director of private investments in July and is seeking an investment associate after bringing its investment management and operations in-house earlier this year.