Endowments & foundations
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Northern Trust institutional universe loses ground in third quarter
trueCorporate defined benefit plans edged out public pension plans and endowments and foundations in a quarter that saw weak performance overall, Northern Trust data shows.
InvestorForce universes drop 1.1% in third quarter
trueInvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.
University of Vermont commits $10 million to Asia private equity fund of funds
trueUniversity of Vermont committed $10 million to Asia Alternatives Capital Partners IV, a private equity fund of funds.
J.P. Morgan expands EMEA endowments and foundations team
trueKris Jonsson and Sandeep Bhamra were appointed client advisers in J.P. Morgan Asset Management's newly created endowments and foundations team for Europe, the Middle East and Africa.
University of Illinois Foundation appoints interim president
trueEdward F. Ewald was named interim president of the University of Illinois Foundation.
Money managers create firm to cater to Catholic investors
trueSome big names in institutional investing have joined forces to provide Catholic-affiliated pension funds, endowments and other non-profit organizations with money management that follows the tenets of their faith.
Andrew Carter, father of active bond management
trueAndrew M. Carter — the father of active bond management who also created the first bond index fund and was considered “one of the finest math guys” in fixed income — built a clientele of some of the biggest corporate pension funds.
Pyramis: U.S. investors have different take on alternatives than Europe, Asia
trueU.S. institutional investors' views on investing in alternatives has diverged from their investing brethren in Europe and Asia, said a new survey by Pyramis Global Advisors.
Natural resources, venture capital help fuel University of Michigan returns in 2014
trueUniversity of Michigan's endowment returned 18.8% in the year ended June 30. While returns were fueled largely by public equities (its largest allocation), the end6owment's natural resources and venture capital portfolios posted the highest returns.
UNC hires director of public investments from UPS
trueEd Hetherington is joining the University of North Carolina Management Co. as vice president and managing director of public investments for the $3.54 billion UNC Investment Fund.
McKnight Foundation hires Mellon for carbon efficiency strategy
trueMcKnight Foundation, Minneapolis, hired Mellon Capital Management to run $100 million in a U.S. equity carbon efficiency strategy.
Princeton endowment returns over the last 10 years
truePrinceton University reported Friday its endowment returned 19.6% in its fiscal year ended June 30.
Princeton posts 19.6% fiscal year return
truePrinceton University's endowment posted a 19.6% return on investment for the fiscal year ended June 30, Martin Mbugua, a university spokesman, confirmed Friday.
Ohio State University appoints CIO from Ohio PERS
trueJohn C. Lane was named vice president and chief investment officer at Ohio State University, Columbus, said Chris Davey, university spokesman.
Smaller endowment funds out perform bigger ones so far this year
trueThe smallest of the U.S. universities that have so far reported fiscal year returns for their endowments — University of Minnesota — notched up the biggest return at 20.4%.