Industry News
Traditional asset managers looking to capture the growth of the endowment institutional channel will need to be highly targeted in their approach for winning mandates as new research finds large endowments with more than $1 billion in assets under management represent the best opportunity.
The firm has hired a senior managing director and head of capital markets to serve on its executive committee and help guide the next phase of strategic growth.
Two of the firms were also charged with failing to report large trader transactions.
He will be responsible for developing and executing GEM’s capital markets strategy and liaising with the investor community.
The firm expanded its Philadelphia multi-family office team with the appointment of a managing director to deepen relationships with private business owners, wealthy families, local endowments, foundations and nonprofit institutions in the region.
The new hire most recently served as a senior portfolio manager at the State of Wisconsin Investment Board.
The partnership will initially focus on developing scalable investment solutions in infrastructure.
The college has hired a cfo and treasurer to oversee its finances and endowment following a search from earlier this year as its previous finance head retired.
The university has named an interim v.p. for finance, cfo and treasurer for its foundation as it searches for a permanent successor to its finance head, which left on June 30 to pursue other opportunities in higher education finance.
The firm’s latest fund closed exceeded its target and doubled its predecessor.