An HBCU in the Mid-Atlantic region revised its endowment policy this week to implement a mandate that a majority of its endowment be managed by minority-owned investment firms.
Once firms are in the program, the NEPC research team will consider them for inclusion in client portfolios and for future inclusion on the focused placement list.
A foundation in the Midwest has named an investment director as deputy cio effective immediately and he will succeed its v.p. and cio next year after he retires.