Endowments & foundations
News and Video on Endowments & Foundations
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Table: U.S. endowment hedge fund portfolio performance
Institution One-year return Bench- mark Outper- formance % Total fund perform- ance Total assets Hedge fund assets HF assets as % of total assets University of Virginia (long/short equity) * 16.3% N/A N/A 24.3% $5,347 $1,187 22.2% Yale University 12.7% N/A N/A 21.9% $19,900 $3,298 17.0% The
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Large endowments grab healthy portfolio gainsA glimpse into the secretive world of large U.S endowment funds reveals strong, benchmark- and index-topping returns of their hedge fund portfolios.
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Investment strategy: Focus, input and implementationHow does your governance committee go about setting strategy for your investment portfolio? How are asset allocation decisions made? How often is strategy considered — is it continually part of your committee's discussions, or do you “set it and forget it” for a year?
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Penn State endowment to hold line on material risk
Pennsylvania State University's $1.83 billion endowment is likely to weather the school's coaching scandal with no permanent scarring, endowment experts believe.
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Texas Permanent School Fund going direct with partnershipsTexas Permanent School Fund, Austin, on the recommendation of its investment staff, is restructuring its $2.5 billion hedge fund portfolio to move from a fund-of-funds approach to direct investment through strategic partnerships.
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Texas Permanent to develop process for picking hedge fund strategic partners
Texas Permanent School Fund, Austin, will review a process for selecting strategic partners for its $2.5 billion hedge fund portfolio during the Jan. 25-27 meeting of the Texas State Board of Education.
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Despite positive 2011 private equity returns, Harvard reportedly seeks to unload investmentsHarvard University is seeking to sell $1.5 billion of private equity holdings, 4.7% of the endowment's total assets as of June 30. The fund - which has been unloading illiquid investments since the financial crisis - outperformed the Cambridge Associates private equity index by 140 basis points in
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Harvard University to sell $1.5 billion in private equityHarvard University is seeking to sell about $1.5 billion of holdings in private equity funds as it further cuts investments that contributed to record losses three years ago.
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UTIMCO doles out $7.2 million in bonuses; CEO gets $1.88 million
University of Texas Investment Management Co. handed out $7.2 million in bonuses to 29 managers after investments topped benchmarks for three straight years.
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Investment risk: Resources, governance and getting it rightAn investment committee's decisions can't be taken lightly or rushed, but it takes the right resources to make the right calls, and many investment committees might not realize the true cost of inaction and indecision.
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Chart: Top paid CIOs of tax-exempt institutions
Rank CIO Organization AUM (billions) Total compensation W2 compensation Non-W2 compensation 1 Jane Mendillo Harvard University (HMC) $27.6 $4,754,379 $3,498,265 $1,256,114 2 David F. Swensen Yale University $16.7 $3,795,540 $3,715,724 $79,816 3 Nirmal Narvekar Columbia University (CIMC) $6.5
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Endowment execs top pay list for tax-exempt institutionsJane Mendillo, Harvard Management Co.'s president and CEO, tops the list of highest-paid chief investment officers — with total compensation of $4.75 million in according to a list of the top 50 earners from executive search firm Charles Skorina & Co.
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U.S. endowments up nearly 20% for year, Commonfund-NACUBO study shows
U.S. endowments returned 19.8% on average for the fiscal year ended June 30, according to preliminary data released Monday by Commonfund Institute and the National Association of College and University Business Officers, cosponsors of an annual survey.
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Study: Foundations using investments to further their causes
More U.S. foundations are making investments that further their missions, according to a report from the Foundation Center. The report, “Key Facts on Mission Investing,” the first done by the center, surveyed nearly 1,200 foundations with a combined $215 billion in assets. Of those, 168 foundations
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Designing a securities lending programHaving a thorough understanding of securities lending is the first step in any program design.
