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University of Texas regents push to modernize mineral management
trueTexans established the Permanent University Fund in 1876 to support the University of Texas and Texas A&M University Systems, but it took 139 years for university regents to appoint the first CEO of UT's Office of Lands Administration, Midland.
Climate change risk could erode nearly half of portfolio value, report warns
trueInvestment portfolios could lose up to 45% of their value by 2020 through economic shocks caused by shifts in investor sentiment on climate change, and only half of those losses can be offset by a change in asset allocation, a new report warns.
Moody's: Falling commodity prices could start draining sovereign wealth funds
trueSovereign wealth funds could see their assets decline or growth slow as falling commodity prices put increasing pressure on governments to use those assets to fill budget gaps, said a report released Thursday by Moody’s Investors Service.
Why I love commodities
trueThe popular commentary surrounding commodities is overwhelmingly negative. In the same way that investors could only imagine prices going higher in the midst of the “supercycle” — last decade's belief that the world had a structural deficit of raw materials — today the general sentiment comprises ...
Los Angeles County Employees eyes risk parity, commodity searches in 2016
trueLos Angeles County Employees Retirement Association, Pasadena, Calif., selected an implementation plan for the new asset allocation it adopted a few months ago, said John McClelland, principal investment officer, real estate for the $46.7 billion pension fund in an email.
Vermont picks 3 finalists for commodities search
trueVermont Pension Investment Committee named three finalists in its invitation-only search for a manager to run a $112 million commodities portfolio for the $3.7 billion Vermont State Retirement Systems.
Intel sued over hedge, private equity fund investments in DC plans
trueA former Intel Corp. employee is suing officials at the Santa Clara, Calif.-based company for allegedly breaching their fiduciary responsibilities by investing defined contribution participants' retirement money in “risky and high-cost” hedge funds and private equity funds.
Timberland index gains 0.77% in Q3
trueThe NCREIF Timberland index returned 0.77% in the third quarter, consisting mostly of 0.71% income return, and appreciation of 0.06%.
Farmland returns 2.45% in Q3
trueFarmland returned 2.45% in the third quarter, consisting of 0.96% appreciation and 1.49% income return, according to data released by NCREIF on Tuesday.
What will it take to revive the bull market?
trueIn the past few days, I’m being asked more frequently: “What will it take to revive the bull market?” Monday’s decline was the fifth consecutive daily drop. The S&P 500 may very well retest its Aug. 25 correction low, which was 12.4% below the record high on May 21. The recent low nearly matched ...
Commodities continue to slide
trueThe Bloomberg Commodity index is currently at levels not seen since 1999.
Vermont investment committee looking for potential new commodities manager
trueVermont Pension Investment Committee, Montpelier, is conducting an invitation-only search for a manager to run a $112 million commodities portfolio for the $3.9 billion Vermont State Retirement Systems.
Timberland returns cut down in second quarter
trueThe NCREIF Timberland index returned 0.51% in the second quarter, its lowest quarterly return since the first quarter of 2012. It was also the lowest second-quarter return since 2002.
Farmland posts lowest quarterly return since 2010
trueThe NCREIF Farmland index returned 1.16% in the second quarter, composed of 0.53% appreciation and 0.64% income return. It is the lowest quarterly return since the third quarter of 2010 when the index returned 1.03%.
UTIMCO could move its bullion to Texas
trueUniversity of Texas System, Austin, might be able to store the $662 million worth of gold bars owned by its endowment funds much closer to home.