Industry News
The firm has hired for the newly created role of director of institutional operations to oversee its operational processing, including institutional reporting and account administration, for its endowment and foundation clients.
The managing director left the trust in the second quarter to join an East coast-based investment adviser focused on U.S. credit as a managing partner.
Kevin Blitz joins the firm’s direct lending platform as a managing director.
The hospital’s new senior investment analyst was formerly a portfolio director at the Texas Municipal Retirement System.
The director of investments will assist in the oversight and management of the healthcare system’s portfolio, including conducting due diligence on existing and prospective managers.
The advocacy group and peer network is looking for endowments and foundations to participate in the latest cohort of its impact investment benchmarking program.
The proposed policy would expand the funds’ divestment from fossil fuel reserve owners and exclusion of upstream fossil fuel investments in private markets to cover midstream and downstream infrastructure, such as pipelines and distribution terminals.
The acquisition is expected to close in the first quarter.
The two firms will have more than $1.8 trillion in assets under advisement.
L2 Point Management has closed its inaugural structured equity fund at approximately $312 million.
