Endowments & foundations

News and Video on Endowments & Foundations

  1. 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.

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  1. 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.

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  2. 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.

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  3. 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.

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  4. 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.

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  5. Skillman Foundation picks Investure as outsourced CIO

    trueThe Skillman Foundation hired Investure as outsourced CIO.

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  6. Nebraska Investment Council taps state investment officer

    trueMichael Walden-Newman is joining the Nebraska Investment Council as state investment officer, he said.

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  7. 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.

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  8. Oklahoma tobacco trust goes with Invesco for high-yield bonds

    trueOklahoma Tobacco Settlement Endowment Trust hired Invesco to run $60 million in an active domestic high-yield portfolio.

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  9. University of Bradford taps Cazenove for long-term investments

    trueUniversity of Bradford hired Cazenove Capital Management to provide investment management services for its long-term investment funds.

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  10. Taking a more proactive approach to socially responsible investing

    trueMany non-profit organizations with growing endowments and foundation investments pools can use SRI to make impactful contributions to their mission and work.

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  11. Stanford Management Co. CEO will leave next year

    trueJohn F. Powers, Stanford Management Co.’s president and CEO, will be leaving next year as soon as a replacement can be found.

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  12. Chicago cops CIO joins University of California in new managing director role

    trueSamuel Kunz will join the investment office of the University of California, Oakland, in the new position of managing director, asset allocation and investment strategy.

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  13. Operating charities average 15.1% return in fiscal 2013, report finds

    trueOperating charities returned an average 15.1% in fiscal year 2013, a significant improvement from less than 12% the previous year, a report from Commonfund Institute said Monday.

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