Endowments & foundations
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Framingham State University wants investment managers for foundation
trueFramingham State University is seeking proposals from investment management firms to run a portion of its $54.7 million portfolio.
NYU faculty calls for endowment to divest from fossil fuels
trueMore than 130 New York University faculty members called for fossil-fuel divestment in an open letter sent to NYU President John Sexton on Monday.
New CEO named at Stanford Management Co.
trueRobert Wallace was named president and CEO of Stanford Management Co., overseeing the Palo Alto-based university's $25 billion endowment and other trust assets.
Divest Harvard to ratchet up the pressure with "Heat Week'
trueThe movement to get Harvard University to divest its fossil-fuel holdings continues to gain momentum.
University of Michigan endowment commits $48 million to 2 funds
trueUniversity of Michigan, Ann Arbor, committed about $48 million total to two alternatives funds.
University of Kentucky prowling for endowment custodian
trueUniversity of Kentucky is searching for a custodian for the school’s $1.2 billion endowment.
Global impact assets expected to hit $12.7 billion for 2014
trueGlobal impact investing — investments designed to generate a social or environmental impact as well as often targeting a competitive investment return — were expected to grow to $12.7 billion last year, up 20% from the previous year
Yale endowment has almost $1 billion in cash waiting to be invested
trueYale University is sitting on almost $1 billion of cash in its endowment as the school seeks out new investments.
New Mexico SIC preps $1 billion international equity searches, allocates $775 million
trueNew Mexico State Investment Council will launch three searches for managers to run a total of about $1 billion in international equities.
eVestment: Multiasset strategies collect largest net inflows in fourth quarter
trueMore institutional investors are moving into balanced or multiasset strategies and out of U.S. fixed income and equity, eVestment’s quarterly report on global institutional asset flows show
University of West Florida Foundation seeks investment consultant
trueUniversity of West Florida Foundation Inc., Pensacola, is searching for an investment consultant, an RFP posted on the foundation’s website said.
Hartford HealthCare taps 6 managers in active management shift
trueHartford HealthCare, Hartford, Conn., is rebalancing about one-third of its $3 billion in pension, endowment and insurance assets to increase active management and reduce the number of external managers it uses, said David Holmgren, chief investment officer.
Delaware wants multiasset-class managers for parks endowment
trueDelaware State Treasury is seeking one or more investment managers for a parks and recreation endowment.
BNY Mellon Master Trust Universe ekes out positive return for fourth quarter
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 1.62% for the fourth quarter ended Dec. 31, up from -0.83% in the third quarter.
Idaho Endowment board plans first real estate investment
trueIdaho Endowment Fund Investment Board in 2015 will invest in real estate for the first time.