Industry News
The divestments stem from New York State Comptroller Thomas DiNapoli’s Climate Action Plan.
The average 2023 fiscal year return of colleges and universities’ endowments exceeded fiscal year 2022 returns as the smaller endowments’ public market exposures helped them outperform their larger peers.
The firm has named two new leaders for its Dallas and Virginia offices to strengthen its brand in the region and support client and colleague success.
The investment analyst had been with the pension plan for three years.
The university has elected its next chancellor to head its board of fellows and board of trustees and serve as a fiduciary of the university.
The foundation has added three nonprofit leaders to its board of directors with one expected to join its finance and investment committee, which oversees the organization’s endowment.
The investment officer will support the management of the plan’s approximately $13 billion public equity portfolio.
The university hired two investment analysts late in the third quarter to help oversee its endowment.
The cfo will be leaving the mid-Atlantic-based university in March to join another mid-Atlantic-based institution as its next cfo.
The firm has hired a co-cio to help lead its investment activities, including investment research, manager sourcing, portfolio construction and risk management