MRI/Social Investments
The community foundation has hired a discretionary advisor to manage its portfolio following an RFP process.
The foundation is looking to allocate more of its endowment to diverse-owned managers and impact investments within Native American communities after approving a new strategy in the fourth quarter.
The university approved an impact investment policy statement in the first quarter that aims to invest 0% to 25% of its assets in impact investments.
The firms have entered a strategic partnership to support health-focused impact investors that are directing investable assets to address social determinants of health, while targeting the alignment of financial, business and community impact performance.
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.
The university and the investmen¬t arm of a European foundation have both committed to a venture fund focused on climate-related technologies that recently closed.
Hire is tasked with developing an impact investing and advisory platform for the Baltimore-based firm’s clients, which include nonprofit organizations, institutions, individuals, families and financial intermediaries.
The university is altering the advisory committee on social and ethical concerns for its endowment and has drafted a new charter for the group.
The endowment has committed to aligning its $4 billion in assets under management with its mission and values and is developing a new impact framework to guide its investment decisions.
The university will consider approving an impact investment policy statement and investing 0% to 25% of its portfolio in impact investments as part of the policy this week.