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The director of finance will be responsible for the foundation’s accounting, operations budgeting, financial reporting, payroll and human resources and audit and tax preparation.
The community foundation hired an investment manager for its endowment, flowthrough legacy and agency funds.
The institution temporarily paused making investments in illiquid assets in the first quarter after reviewing its investment policy and guidelines, where concerns about private equity investing and not having an updated five-year strategic plan were made.
Just over a week ago, Pennsylvania-headquartered SEI purchased a majority stake in Stratos Wealth Holdings for $527 million. FWR asked SEI’s CEO and other senior figures about the reasons for the deal, the outlook for wealth advisory, and more.
The system has issued an RFP seeking investment advisory and management services for its portfolio comprised of approximately 40% short-term and 60% intermediate-term investments.
The positions will be involved in all aspects of the university’s investment and manager research process for its endowment.
The New England-based firm recently held the final close of its fourth growth fund above its $450 million fundraising target.
The college is searching for a senior investment associate after an investment director left in May to join a retirement fund as managing director.
The state has issued an RFP seeking a general investment consultant on behalf of its college savings program, several endowments and pension plans.
Institutional investors are making tactical or long-term strategic shifts amid concerns over the impact of U.S. tariffs and trade policies, according to a recent survey conducted by global research firm CoreData Research.