Endowments & foundations
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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.
College of Western Idaho wants foundation manager
trueCollege of Western Idaho Foundation is searching for an investment manager.
New Hampshire Treasurer's Office seeks managers for 9 funds
trueNew Hampshire State Treasurer’s Office is searching for investment managers for nine funds it oversees, which include several endowments and a college savings plan trust.
Pittsburgh Foundation appoints new CEO
trueMaxwell King was named president and CEO of the $1 billion The Pittsburgh Foundation, Pittsburgh, spokesman Christopher Whitlatch said.
UTIMCO fine tunes asset allocation for fiscal 2015
trueUniversity of Texas Investment Management Co. officials proposed new asset allocation targets for the fiscal year ending Aug. 31, 2015, for the $25 billion the Austin-based firm manages in endowment funds for the University of Texas System and Texas A&M.
J.P. Morgan accused of self-dealing in managing church trust
trueChrist Church Cathedral, Indianapolis, is suing J.P. Morgan Chase & Co. in federal court, claiming two cathedral trusts lost a total of $13 million from investments managed by the firm from 2004 through 2013, court documents show.
Aggies hire LCG to replace longtime consultant Fund Evaluation Group
trueTexas A&M University System, College Station, hired LCG Associates, Inc. as investment consultant
Taking a wide-angle view of the outsourced CIO
trueIt pays to hire an OCIO who understands the priorities and workings of the institution first and only then develops a custom investment strategy to fit.
Texas Tech corrals Pinnacle for hedge fund of funds
trueTexas Tech University System endowment invested $25 million in Pinnacle Opportunity Fund, a hedge fund of funds managed by Pinnacle Asset Management.
trueAn updated look at nuclear decommissioning trust funds.
Harvard appoints head of public equity
trueMichael Ryan was named head of public equity at Harvard Management Co., a new position.
InvestorForce universes gain 3.4% in second quarter
trueInvestorForce Plan Universes funds posted a median net return of 3.4% in the quarter ended June 30.