Nonprofit investors are expecting positive but muted returns from the equity and bond markets in 2021 after their portfolios generated solid performance in a year that upended global financial markets and saw unprecedented volatility.
An institution in New England hired a firm to manage a global equity social impact mandate within its investment portfolio at the beginning of the year.
A university in New England approved adding new global equity and hedge fund managers to its endowment at its investment subcommittee meeting last month.
A Midwestern pension plan terminated its active large-cap equity managers to fund mandates with three new global equity managers hired following an RFP search.