TIFF Investment Program has made a significant change in its investment strategy by appointing 24A Capital Management as the new money manager for its TIFF Multi-Asset Fund. This decision, effective November 1, 2026, comes after the Board of Trustees approved the new agreement on October 27, 2026. The move is noteworthy as it replaces two previous managers, Fundsmith Investment Services Ltd. and Greenhouse Funds LLLP.

The TIFF Investment Program, based in Radnor, Pennsylvania, operates under the Central Index Key 0000916622. The firm focuses on investment management, particularly through its Multi-Asset Fund. This latest filing is part of a series of recent updates, including other filings made on November 2, 2026, and earlier in the year.

The recent filing states, "On October 27, 2026, the Board of Trustees of TIP approved a money manager agreement between TIP, on behalf of TIFF Multi-Asset Fund, and 24A Capital Management, LLC, a new money manager for the Fund, effective November 1, 2026." Additionally, it notes that all references to the previous managers, Fundsmith and Greenhouse, have been removed from the Fund's prospectus.

This change may have implications for investors and stakeholders in the TIFF Multi-Asset Fund. The new management strategy under 24A Capital Management could lead to different investment approaches, particularly as the firm specializes in a concentrated portfolio of global equities. The decision to replace the previous managers suggests a shift in investment philosophy that could influence the Fund's performance and investor expectations.

Looking ahead, the filing does not specify what further actions will take place following this change. Investors will likely be eager to see how 24A's management style and strategies will unfold in the coming months.