Endowments & foundations
News and Video on Endowments & Foundations
University of California taps chief risk officer for investment office
trueRick Bookstaber was named chief risk officer and managing director, risk management at the University of California’s investment office.
New Mexico council earmarks $300 million to 3 funds
Ball State University Foundation adopts new ESG policies
trueBall State University Foundation adopted new environmental, social and governance policies, including the creation of an ESG portfolio on a pilot-program basis.
Columbia endowment to divest private prison holdings
trueThe trustees of Columbia University voted to divest holdings in private prison companies on behalf of its $9.2 billion endowment.
Lilly Endowment chairman dies
trueThomas Lofton, chairman of the $10.1 billion Lilly Endowment Inc., Indianapolis, died June 19. He was 86.
University of Michigan commits $66.5 million to alternatives, co-investments
trueUniversity of Michigan committed a total of $66.5 million to six alternative investment opportunities from its $10.1 billion long-term endowment pool.
White House announces $4 billion committed to clean-energy investments
trueThe Obama administration on Tuesday announced $4 billion in commitments from the private sector, including more than $1 billion from institutional investors for clean-energy investments.
Colorado Springs seeks cemetery endowment fund manager
trueColorado Springs, Colo., is searching for a discretionary investment manager for its approximately $10 million cemetery endowment fund.
Tail risks a big concern among institutions, Allianz survey finds
trueInstitutional investors increasingly are concerned about tail risks, yet many remain unprepared for those events, Allianz Global Investors’ semiannual RiskMonitor survey shows.
United Nations seeks custodian for pension fund, endowment
trueUnited Nations Investment Management Division is searching for a global custodian and master record keeper for its pension fund and endowment.
Royal Holloway, University of London taps multiasset manager for endowment
trueRoyal Holloway, University of London hired Rathbone Brothers to manage a £20 million ($30.4 million) multiasset endowment fund.
Southwest Initiative Foundation casts wide net for investment input
trueSouthwest Initiative Foundation is asking for information from money managers as well as other asset owners and academics about investment choices the $80 million foundation should consider.
Georgetown University to divest from coal companies
trueGeorgetown University, Washington, “will not make or continue” direct investments in coal-mining companies on behalf of its $1.5 billion endowment, spokeswoman Rachel Pugh said.
Asset owners prefer specialists for alternatives portfolios
trueMoney managers offering both traditional and alternative investment strategies are continuing their push into alternatives, but Pensions & Investments' search and hire data reveal they are not gaining assets as rapidly as firms that specialize in alternative investments.
Making banks accountable
truePension funds, endowments, foundations and other asset owners — victims of manipulation of foreign exchange prices by four big banks and interest rate benchmarks by another — must demand reimbursement for their losses following the guilty pleas of the banks to criminal charges concerning the ...