Endowments & foundations
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University of California to plan private equity stake sale
trueThe Regents of the University of California is looking to sell about $500 million in older private equity fund stakes after valuations of the holdings jumped, according to two people with knowledge of the matter.
Fulton-DeKalb Hospital Authority seeks endowment consultant
trueFulton-DeKalb Hospital Authority, Atlanta, is searching for an investment consultant and/or investment manager for its $16 million endowment.
Wikimedia signs U.S. Trust as first investment consultant
trueWikimedia Foundation, San Francisco, hired U.S. Trust as its first investment consultant.
University of California considering stand-alone venture capital vehicle
trueUniversity of California Board of Regents, Oakland, at its Thursday meeting is expected to vote on whether to create UC Ventures, a stand-alone venture capital investment vehicle and to make an initial commitment of $250 million.
University of Illinois taps Attucks as emerging manager of managers
trueUniversity of Illinois Board of Trustees hired Attucks Asset Management to develop an emerging manager-of-managers program with a focus on domestic equity for its $590 million endowment pool.
University of California task force reaches no consensus on fossil-fuel divestment
trueA divided University of California task force could not reach agreement on whether to divest from fossil fuels and has asked staff of the Regents Committee on Investments to make a final decision, sources said.
University of Virginia managing director dies
trueSherri King, managing director for fixed income and risk management for the $6 billion University of Virginia Investment Management Co., died Sunday of a cerebral blood clot.
University of New Hampshire endowment boosts 3 manager allocations
trueUniversity System of New Hampshire, Durham, added a total of $10 million to three existing managers of its $451 million combined endowment pool.
Juilliard endowment CIO to resign
trueDavid Marcus, chief investment officer of Juilliard School’s $1 billion endowment, plans to resign effective Sept. 30.
New Mexico State Investment Council adjusts allocation
trueNew Mexico State Investment Council, Santa Fe, is reducing the opportunistic credit allocation of its $4.4 billion fixed-income portfolio to 15% from 21.2%, said Charles Wollmann, spokesman for the $19.8 billion endowment.
Vector fund connects Harvard, CalPERS money to Caribbean payday loans at 600%
trueAlex Slusky was under pressure to put the money in his private equity fund to work. The San Francisco technology financier had raised $1.2 billion in 2007 to buy and turn around struggling software companies. By 2012, investors including Harvard University were upset that about half the money ...
Yale approves environmentally conscious investment guidance
trueYale University's Corporation Committee on Investor Responsibility on Thursday approved new environmentally conscious guidance for the campus-based Advisory Committee on Investor Responsibility when investing on behalf of the New Haven, Conn.-based university's $20.8 billion endowment.
UTIMCO deputy CIO retiring
trueCathy Iberg, president and deputy chief investment officer of the University of Texas Investment Management Co., Austin, will retire on Friday.
Top 10 U.S. foundations by investment assets
trueAccording to data collected by Pensions & Investments, investment assets for the 49 largest U.S. foundations totaled nearly $173 billion in 2012 – the latest available data.
Harvard endowment compensation sparks letter from alumni
trueA group of alumni that has previously criticized Harvard University for how much it pays its endowment managers is again finding fault after compensation more than doubled in three years at the university's investment arm.