Assets managed by the Massachusetts Institute of Technology Investment Management Co. rose to $27.4 billion.
The alternative investment manager, which previously invested in the development of LaGuardia Airport, will join forces with the NBA champion to make impact investments.
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.
While companies have gained flexibility, Oregon’s treasurer is worried about consequences and termed the Securities and Exchange Commission’s decisionmaking process ‘atrocious.’
Kim will make the move on December 1 and take the spot previously held by Dan Bienvenue, who left in April.