Barnard College hires Strategic Investment Group to manage school fund

Barnard College is replacing its money manager, Investure LLC, with another firm that will help the $286 million endowment divest from fossil fuel companies that thwart efforts to address the impact of climate change.

Strategic Investment Group, based in Arlington, Virginia, will become the fund’s manager at the end of September, Barnard said Wednesday in a statement. Investure, run by Alice Handy in Charlottesville, Virginia, had overseen the school’s investment office since 2006. Barnard is at least the third client to depart Investure in the past three years...

Bloomberg: Barnard Endowment Switches Manager to Help it Avoid Climate Deniers