Industry News
Private markets funds are set for 70% growth by the year 2030 with private equity expected to be a key driver of that expansion, according to a recent analysis.
The new v.p. for finance and administration will be tasked with expanding revenue opportunities, reducing expenditures and leading improvement initiatives.
The foundation’s previous finance head left last year to join another nonprofit.
The firm promoted a global market strategist covering North America to serve as its chief global market strategist, responsible for the development and communication of the firm’s investment outlooks and insights.
The firm, which provides record keeping and third-party administrator services for public retirement plans and college savings plans, has promoted its president as its next ceo.
The firm has appointed its chief risk officer as president of its asset management business, bringing its asset management subsidiaries together under one pillar.
Nonprofit investors can find attractive investment opportunities in precious metals like gold, critical minerals like lithium and agriculture that diversify their real assets portfolio, while also providing a potential hedge against ‘stagflation.’
The firm recently held the final close of its private equity strategy that aims to invest in large-scale wetland, stream, water quality, biodiversity and habitat mitigation and restoration projects across the U.S.
The executive director’s retirement caps a second stint in the position first assumed in 1993.
Ashish Shah, cio and co-head of public investing at Goldman Sachs Asset Management, will retire at the end of the first quarter.