Endowments & foundations
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University of Michigan adds $167 million to alternatives
trueUniversity of Michigan, Ann Arbor, committed a total of $167 million to seven alternative investment funds.
University of Kentucky will search for a consultant, eyes hiring first CIO in 2015
trueUniversity of Kentucky expects to issue an RFP for an investment consultant for its $1.2 billion endowment in late 2015.
Royal Holloway, University of London seeks multiasset endowment manager
trueRoyal Holloway, University of London, is searching for a manager to run a £20 million ($31.3 million) multiasset endowment fund.
New Mexico State Investment Council commits to real estate, adjust fees with PIMCO
trueNew Mexico State Investment Council committed $50 million to Almanac Realty Securities VII, a value-added real estate fund managed by Almanac Realty Investors.
New York University CIO to resign at end of year
trueTina Surh will resign as chief investment officer of New York University, effective Dec. 31.
Former George Washington University CIO joins American Institutes for Research
trueDon Lindsey was named chief investment officer of the American Institutes for Research.
American University nixes fossil-fuel divestment measure, plans search for green fund
trueAmerican University's board of trustees rejected divesting fossil-fuel holdings from the Washington-based school's $550 million endowment fund, concluding the move would raise costs and not satisfy fiduciary responsibility standards, a trustees' memorandum stated.
Impact investors shifting gears to accommodate specific goals
trueThe trend of impact investing — into companies, organizations and funds with the aim of investing for social and environmental good, as well as a financial gain — is becoming more specific.
University of British Columbia faculty eyes fossil-fuel divestment for endowment
trueUniversity of British Columbia Faculty Association members early next year will vote on whether to ask the university's board of governors to divest its C$1.35 billion (US$1.19 billion) Vancouver-based endowment's holdings in fossil-fuel stocks within five years.
University of Michigan pledges $60 million to 3 funds
trueUniversity of Michigan, Ann Arbor, committed a total of $60 million to three alternative investment funds.
Students sue Harvard over fossil-fuel investments
trueA group of seven Harvard University students filed a lawsuit Wednesday against Harvard University and Harvard Management Corp. among others demanding the university divest all of its holdings in fossil-fuel companies.
University of Houston chooses long/short, buyout funds
trueUniversity of Houston System invested $10 million in Proxima Capital Master Fund, a long/short equity hedge fund managed by Proxima Capital Management, for its $592 million endowment.
Skillman Foundation picks Investure as outsourced CIO
trueThe Skillman Foundation hired Investure as outsourced CIO.
Nebraska Investment Council taps state investment officer
trueMichael Walden-Newman is joining the Nebraska Investment Council as state investment officer, he said.
American University endowment mulls fossil-fuel divestment
trueAmerican University's board of trustees could vote at its meeting next week on divesting fossil-fuel holdings from the university's $550 million endowment fund.