Calpers Selects Stephen Gilmore As Chief Investment Officer
The California Public Employees' Retirement System has selected Stephen Gilmore, a senior investment leader with extensive experience in public and private financial institutions and across cultures and geographies, as the pension fund's chief investment officer. His appointment is expected to become effective in July. Gilmore, an internationally recognized investment leader whose career has spanned 40 years, comes to CalPERS after more than five years as the chief investment officer of the New Zealand Superannuation Fund (NZ Super Fund), a sovereign wealth fund owned by the New Zealand government and valued at more than $73 billion (NZD).
CalPERS Names New Deputy CIO for Private Markets
The newly created position is responsible for all private market investment strategies, including asset allocation. Daniel Booth will work closely with Chief Investment Officer Nicole Mussico, and the CalPERS Investment Office’s managing investment directors to lead investment decision-making.
Ray Dalio Gives Up Bridgewater's Control As Part Of Succession Plan
Ray Dalio has handed over control of the $150 billion firm to a new generation of investors, the firm said. He has stepped down as one of three co-chief investment officers, although he will remain as a chief investment officer mentor.
Former Abu Dhabi Investment Authority (ADIA) Head of Venture Capital Joins Blue Opal Capital
Global private equity and venture capital investment manager announced today that Ahmed Al Mosa, the former Abu Dhabi Investment Authority (ADIA) Head of Venture Capital, has joined Blue Opal Capital as Fund Partner, based in Abu Dhabi, UAE. For the past twenty years, Ahmed dedicated himself to build the ADIA venture capital program within the private equity department of ADIA (Abu Dhabi Investment Authority), particularly focusing on venture capital fund and co-investments.
Goldman Sachs Bolsters Asset Management Unit With New Adviser
Goldman Sachs Group Inc's asset management arm has hired Elizabeth Burton to advise its institutional clients, as the bank seeks to bolster the unit following a slump in revenue. Burton has served as the chief investment officer at the Employees' Retirement System of the State of Hawaii.
Fordham University Names New Chief Investment Officer
The University’s new chief investment officer will be Geeta Kapadia, CFA, an investment professional with 25 years of diverse experience and a demonstrated commitment to service and excellence in her profession. She will begin in the position on Monday, August 22.
KU Endowment Selects Next President
Dan Martin is the next president of KU Endowment. KU Endowment Board of Trustees Chair Dave Dillon introduced Martin at a meeting with staff earlier this month. Martin currently serves as the chief philanthropy officer at the Texas division of St. Luke’s Health and has extensive experience in higher education leadership and fundraising.
Schultz Family Foundation Launches $100M Commitment To Unlock Non-predatory Capital For Underrepresented Entrepreneurs
The Entrepreneurs Equity Fund will accelerate the growth of emerging, high-potential, diverse-owned businesses through direct investments and increased access to flexible financing SEATTLE, June 7, 2022 /PRNewswire/ -- The Schultz Family Foundation, founded by Sheri Schultz and Starbucks...
Sanctions On Russia Over Ukraine Rattle The Markets - The New York Times
Investors are assessing the consequences of the intensifying conflict, from sanctions to shortages and price surges. :
Investors are assessing the consequences of the intensifying conflict, from sanctions to shortages and price surges. The markets have been unsettled for many reasons this year, but the escalating conflict between Ukraine and Russia pushed them past a symbolic milestone yesterday. The S&P 500 slipped into a so-called correction, defined as a decline of least 10 percent from the most recent high.
How America’s Wealthiest Colleges Are Getting Richer Faster Than Schools With Small Endowments
Colleges with endowments of at least $1 billion returned 37% in the 2021 fiscal year, outpacing their peers thanks to their private equity and venture capital investments.