Rush University Medical Center has recently hired Xponance, Inc. to provide passive equity investment management services.
Xponance, a 100% employee-owned, diverse investment manager based in Philadelphia, will manage a $50 million S&P 500 Index assignment for Rush. With $3.5 billion in investment assets, the Medical Center has a long-standing commitment to diversity and inclusion that includes seeking partnerships with asset management firms that reflect its values. NEPC serves as the Medical Center’s general investment consultant.
“We serve a vibrant, diverse population on the West Side of Chicago,” said Alex Wiggins, chief investment officer for Rush University Medical Center. “We are committed to diversity, equity and inclusion internally and externally. For Rush, this commitment includes engagement with professional service providers such as investment managers. Hiring Xponance is part of this commitment.”
“We are honored to have been selected by Rush University Medical Center to provide passive equity investment management services,” said Tina Byles Williams, Xponance CEO and chief investment officer. “It is quite innovative for Rush to hire a diverse firm for this assignment. The marketplace awareness of our passive capabilities is growing, and our fledgling Rush relationship will only serve to increase that knowledge with asset owners. We look forward to a partnership that adds value to the Rush portfolio with a high-level of client service.”
