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Foundations’ returns rose in 2023 at rates similar to the sharp declines seen during the unfavorable market environment of 2022 and in a reversal from last year, community foundations reported relatively higher returns than their private foundation peers in 2023, a new study finds.
The fund approved a maiden commitment to a private credit secondaries strategy during its August board meeting to take advantage of discounts in the credit secondaries market.
The university has elected seven members to its board of trustees, including two investment professionals, effective July 1.
The foundation is searching for investment advisors to advise, manage and administer its reserve fund as well as develop and implement an investment strategy.
The fund is searching for an investment director or managing director to handle sourcing, evaluating and recommending investment opportunities for its public equities portfolio.
The consultant is acquiring an alternatives investment firm that provides solutions including insurance-linked securities, private credit, hedge funds and impact investing.
The university has hired a new cfo to oversee its finances and investment portfolio following a search from earlier this year as its previous finance head left for a new opportunity.
The registered investment advisor has selected an investment consultant as a strategic investment research advisor to strengthen its research efforts within asset allocation modeling, manager due diligence/selection and portfolio implementation.
CORRECTION: The Town of Norwood (Mass.) Retirement System hired WCM Investment Management along with Arrowstreet Capital and Axiom Investors as its new global equity managers. Incorrect information provided by the plan appeared in the Sept. 4 edition of FIN Daily.
The firm has hired two managing directors to bolster its real estate debt strategy.