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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%.
Yale puts students to work analyzing low-carbon investing
trueYale University, New Haven, Conn., will host its “National Low-Carbon Portfolio Case Competition” at the Yale School of Management's Evans Hall on Nov. 14.
University of Illinois endowments return 14.7% for fiscal year
trueUniversity of Illinois' university and foundation endowments returned a combined 14.7% for the fiscal year ended, June 30, said Jessica Hampson, spokeswoman for the Urbana-based foundation, in an e-mail.
University of Glasgow to divest from fossil-fuel companies
trueUniversity of Glasgow is the first university in the U.K. to promise to fully divest from fossil-fuel industry companies, said a spokesman.
University of Texas' largest endowment fund returns 15.1%
trueUniversity of Texas System's largest endowment, the $17.4 billion Permanent University Fund, returned 15.1% in the fiscal year ended Aug. 31, documents for the Thursday meeting of the board of trustees of University of Texas Investment Management Co., Austin, show.
University of Chicago's 12.7% return pushes assets to new high
trueUniversity of Chicago's endowment reached a new high — $7.5 billion — as of June 30, up 11.9% from the same date a year earlier.
University of West Florida's foundation preps 2015 consultant search
trueUniversity of West Florida's foundation, Pensacola, will search for an investment consultant in the spring.
Boston University endowment gains 16.7%
trueBoston University’s endowment posted a preliminary return of 16.7% for the fiscal year ended June 30, compared to a preliminary return of 11.5% for the year ended June 30, 2013.
EFAMA: Investment fund assets rise 5.2% to €25.7 trillion in Q2
trueGlobal investment fund assets rose 5.2% to €25.7 trillion ($35 trillion on June 30) for the second quarter, said the European Fund and Asset Management Association.