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Washington Community Foundation picks SEI as outsourced CIO
SEI to serve as outsourced CIO for $197 million of the foundation s assets.
SEI will manage the $197 million in the foundation s Combined Investment Fund and provide oversight and integration of data and reporting across all of the foundation s $300 million in investment assets.
SEI said in a joint news release Monday that the two organizations will collaborate on considering new asset classes and incorporating environmental, social and diversity-related considerations across the portfolio. In addition to providing discretionary investment management services, including manager selection and oversight, SEI will help the foundation s investment committee strengthen overall stewardship of the foundation s assets.
Greater Washington Community Foundation Hires SEI as Outsourced Chief Investment Officer for $197 Million Investment Pool
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OAKS, Pa., March 8, 2021 /PRNewswire/ SEI (NASDAQ:SEIC) today announced the company has been hired by the Greater Washington Community Foundation (The Community Foundation) to serve as outsourced chief investment officer (OCIO) for approximately $197 million of the foundation s assets. Through this strategic partnership, SEI will provide discretionary investment management services, including manager selection and oversight, as well as help The Community Foundation s Investment Committee in strengthening the overall stewardship of the foundation s assets. SEI provides investment management services to more than 460 global institutional investors, including over 175 non-profit organizations, representing $32 billion in assets.
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Mayor Muriel Bowser and Events DC Announce the Launch of Phase Two of the DC CARES Program Providing Over $8M for Excluded Workers Relief
Critical Funding Represents Continuing Efforts to Support the DC Community and Invest in City s Future
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WASHINGTON, Feb. 2, 2021 /PRNewswire/
Mayor Muriel Bowser and Events DC, Washington DC s official convention and sports authority, launched Phase 2 of the DC CARES Program this week, which will provide over $8 million in relief funding to eligible excluded workers in the District of Columbia. The program is intended to serve residents that have been omitted from federal stimulus efforts and are experiencing financial hardship due to the COVID-19 pandemic. The additional aid comes from the District of Columbia s budget and supplements the $5 million in relief for Phase 1 of the program provided by Events DC in June.