Endowments & foundations
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Yale endowment has almost $1 billion in cash waiting to be invested
trueYale University is sitting on almost $1 billion of cash in its endowment as the school seeks out new investments.
New Mexico SIC preps $1 billion international equity searches, allocates $775 million
trueNew Mexico State Investment Council will launch three searches for managers to run a total of about $1 billion in international equities.
eVestment: Multiasset strategies collect largest net inflows in fourth quarter
trueMore institutional investors are moving into balanced or multiasset strategies and out of U.S. fixed income and equity, eVestment’s quarterly report on global institutional asset flows show
University of West Florida Foundation seeks investment consultant
trueUniversity of West Florida Foundation Inc., Pensacola, is searching for an investment consultant, an RFP posted on the foundation’s website said.
Hartford HealthCare taps 6 managers in active management shift
trueHartford HealthCare, Hartford, Conn., is rebalancing about one-third of its $3 billion in pension, endowment and insurance assets to increase active management and reduce the number of external managers it uses, said David Holmgren, chief investment officer.
Delaware wants multiasset-class managers for parks endowment
trueDelaware State Treasury is seeking one or more investment managers for a parks and recreation endowment.
BNY Mellon Master Trust Universe ekes out positive return for fourth quarter
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 1.62% for the fourth quarter ended Dec. 31, up from -0.83% in the third quarter.
Idaho Endowment board plans first real estate investment
trueIdaho Endowment Fund Investment Board in 2015 will invest in real estate for the first time.
Tudor Investment recruits HMC executive to run global event-driven strategy
trueEmil M. Dabora was named a portfolio manager at Tudor Investment.
University of Kentucky chooses first CIO
trueTodd Shupp was named chief investment officer of the University of Kentucky.
University of California student group calls for divestment of U.S., 8 other countries' securities
trueUniversity of California Student Association board on Sunday called for the school's board of regents to divest its endowment and other funds of securities of the United States government, according to the student group.
University of Texas endowments up 8.4% in 2014 to reach $25.7 billion
trueUniversity of Texas System's two endowment funds totaled $25.7 billion as of Dec. 31, up 8.4% from the prior year, showed materials from a Thursday meeting of the board of University of Texas Investment Management Co., Austin.
InvestorForce universes gain 5% in 2014; corporate pension funds lead the way
trueInvestorForce Plan Universes funds had a median net return of 5% in 2014. The median return gross of fees was 5.4%.
NEPC: Foundations and endowments optimistic heading into 2015
trueFoundations and endowments feel the U.S. economy is in better shape entering 2015, an NEPC survey said.
Utah School and Institutional Trust seeks director to lead new investment office
trueUtah School and Institutional Trust Fund, Salt Lake City, hired EFL Associates to assist in its search for a director/chief investment officer.