Industry News
The foundation’s next investment head is joining from an investment management and advisory firm.
The firm has hired a senior portfolio manager to guide clients through challenging markets and identify investment strategies and allocations to meet their needs.
The position will handle the recording of all investment transactions, along with monthly reconciliation reports and monthly and quarterly valuations that support performance reporting.
The firm named a new global co-cio to oversee its range of investment capabilities after one of its co-cios was recently named president.
The foundation is searching for two investment team members to help oversee its $2.5 billion in assets, including its $1.5 billion endowment.
The hire concludes a search launched after the Jan. 3 departure of CFOO Ryan Skor.
The foundation’s previous investment head left earlier this year for the same role at a Midwestern foundation.
The pension plan will no longer have investments in Chinese-owned or controlled companies as of early next year.
Victory Park Capital is an affiliate of Janus Henderson Group, which will remain majority owner of the alternative investment firm.
The transaction is expected to close in the fourth quarter, subject to regulatory approval.