Vanderbilt University's endowment posted a gain of more than 9 percent in the year ended June 30, thanks in good part to growth in its international stock portfolio. Rob Kozlowski of Pensions & Investments writes that the university's investment managers want to further grow their exposure to global markets.
The four-year-old wealth management unit of West End-based Avondale Partners has nearly tripled its assets under management to $688 million in the past year. That performance was enough to put it atop the annual growth rankings of Financial Advisor magazine.
“Our team of experienced advisors is producing results by providing customized investment strategies along with senior-level attention and independence that clients can’t find at larger firms,” Tipton said. “We are proud of our accomplishments and are excited about the opportunities to continue our growth as we expand our staff to serve the investment needs of all our clients.”
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