Industry News
Several prominent foundations and endowments changed investment heads over the course of 2024.
Investment consulting and advisory firms that cater to endowments, foundations and health systems experienced further consolidation in 2024, as many merged or were acquired while others opened shop or shuttered.
The acquisition will see MetLife Investment Management’s assets under management increase to more than $700 billion.
She has been with the consulting firm for the past 14 years in what has been a total of 35 years in the industry.
The fund was raised within four months of its launch.
The new managing directors join from Western Asset Management and Thornburg Investment Management, respectively.
The governor will consider passing a law that would bar state colleges or universities in the state from considering ESG-related factors when making an investment decision.
The university’s previous finance head left after two years in the role.
Endowments and foundations have increased their interest in responsible investing practices despite expressing less concern about the economic backdrop, according to the preliminary results of an annual study.