Former Zynga and Fortinet Executive Mark Vranesh Joins Homejoy as CFO
On the supply side of its business, Homejoy helps home-cleaning professionals tap into local demand for their services and work on a flexible, self-determined schedule....
SWFs Explore New Outsourcing Strategies
Spurred by the need to be sharper and faster investors in the aftermath of the global financial crisis, a growing number of sovereign wealth funds are outsourcing large chunks of their portfolios to external CIOs in the hope of picking up new ideas. Alaska Permanent Fund Corp. (APFC), the state's $51.1 billion oil fund, has led the way, laying down a model borrowed from the corporate pension fund world and adapted for sovereign wealth management.
Wake Forest Spins Off Endowment Office as OCIO Shop
Wake Forest University has spun off its endowment investment office into an outsourced-CIO (OCIO) operation, the school’s President Nathan Hatch confirmed to aiCIO.
TA Associates acquires majority interest in provider of outsourced parking services
TA Associates, a global private equity firm with offices in Boston, said Tuesday that it has completed a majority investment in Towne Park, a Maryland-based company that provides parking, concierge, s...
Endowment Fund Said to Seek Secondary Buyers After Redemptions
The Endowment Fund, a vehicle mimicking the strategy of institutions such as Yale University, is seeking bids for a portfolio of private-equity and hedge-fund stakes valued at $1.8 billion to offer sh...
Foundations Outsource Investment and Dump Private Equity
The largest foundations in the US have reduced their allocation to private equity over the past year and many have opted to outsource their investments, research has shown....
CVC Close to Buying Investcorp's Skrill for $794 Million
CVC Capital Partners Ltd., one of Europe's largest private-equity firms, is set to buy a majority stake in British online payment company Skrill Group Plc from Investcorp Bank BSC, said three people f...
Single-Family Offices Embrace Strategic Outsourcing
Single-family offices are often expensive propositions. They're generally very much boutique operations employing high-caliber experts in the service of the very wealthy. The costs of running a family...
aiCIO - SWIB CIO Villa Joins Iconoclastic 300 Club
"The ever-changing environment in which we operate means we cannot rely on the perceived wisdom of yesterday, but must instead develop new solutions to manage risk and ultimately ensure that investor...
Outsourcing and new revenue are dominant themes at annual business officers' meeting | Inside Higher Ed
INDIANAPOLIS - Looking at the schedules and programs of the annual meeting of the National Association of College and University Business Officers is a peek into the zeitgeist of the financial side o...