TIAA-CREF

Sustainable, responsible and impact investing (SRI) assets have expanded 76 percent in two years, from $3.74 trillion at the start of 2012 to $6.57 trillion at the start of 2014, according to the US SIF Foundation’s latest biennial survey, the Report on US Sustainable, Responsible and Impact Investing Trends 2014.

As a result, assets managed with SRI strategies now account for more than $1 out of every $6 under professional management in the United States.

Children’s Healthcare of Atlanta announced that the National Association for Female Executives (NAFE) named the pediatric nonprofit as one of the NAFE Top Nonprofit Companies for Executive Women. A newly released report revealed that women hold 38 percent of the executive positions at the NAFE Top Nonprofit Companies. The new report, conducted by the Working Mother Research Institute, also finds that women hold 27 percent of all board of director seats at the NAFE Top Nonprofit Companies, compared with 16 percent across the Fortune 500.

TIAA-CREF, the $453 billion pension provider, has launched a business providing chief investor officer services to large nonprofit organizations. The pension fund said in a statement Tuesday that it was seeding its new venture, Houston-based Covariance Capital Management, with $1 billion, to manage as a diversified investment portfolio.

Covariance will offer its investment management expertise to nonprofits with assets of more than $100 million, the statement said.