Rotary International, Evanston, Ill., hired Chicago Equity Partners to manage $40 million in active domestic fixed income for its permanent endowment fund, confirmed Patrick Lynch, managing director at Chicago Equity Partners.
Mr. Lynch said the mandate will be managed in a customized “core-like” strategy. The hiring followed a shortlist search.
The endowment fund had $241.5 million in assets as of June 30, according to its 2011 annual report.
Elizabeth Minelli, spokeswoman for Rotary International, did not return a telephone call or e-mail by press time requesting more information.
