The position is responsible for driving commercial development in the market and is the latest hire in the firm’s strategic growth plan to expand its footprint in the Americas.
A new piece of legislation was introduced to raise the excise tax levied on annual private university endowment profits to ensure the portfolios are used to “benefit students and academic programs.”
A global wealth manager has named long-time employees to new positions within the firm – head of banking and specialized services and president of the East region.
The university swapped domestic equity managers within its endowment and liquidity pool while also adding real assets and diversifying strategy investments at a recent investment committee meeting.
The fund is seeking a firm to provide services for its long-term investment pool to compare the offerings of other firms as it has utilized the same advisor for the last two decades.
The university is looking to add private equity commitments to its portfolio on the heels of maiden commitments to the asset class in the fourth quarter.
The university has finalized the members for its reestablished investment responsibility advisory committee, which advises on the management of its endowment through a social and ethical lens.