Endowments & foundations

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  1. Public equities a drag on large endowment returns

    trueThe estimated average return for large endowments — those having more than $1.1 billion — is around 3.4% for fiscal 2015, driven by low single-digit returns in listed equities. For the year ended June 30, global equities returned 2.06% as measured by the MSCI World index. On average, listed ...

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  2. More investment staff to leave Stanford Management Co. as new CEO restructures

    trueSeveral employees of Stanford Management Co., the investment arm of the $21.4 billion university endowment, are leaving as CEO Robert Wallace continues work on a new investment strategy, confirmed university spokesman Brad Hayward on Thursday.

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  3. Foundation, endowment execs less concerned about global growth slowdown — NEPC

    trueAlthough foundation and endowment investment officers are less concerned about a slowdown in global growth now than they were a year ago, muted growth remains their greatest threat to investments, a quarterly NEPC survey said.

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  4. Institutional investors should heed the pope's call to protect the environment

    truePope Francis has crafted a compelling message in his encyclical on climate change and economic inequality. With Catholics representing 17% of the world's population — 21% in the United States — and Catholic values expressed through large institutional investment portfolios worldwide, even ...

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  5. UTIMCO could move its bullion to Texas

    trueUniversity of Texas System, Austin, might be able to store the $662 million worth of gold bars owned by its endowment funds much closer to home.

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  6. KIC's chairman sets course for endowment-like asset allocation

    trueKorea Investment Corporation should follow the path blazed by U.S. university endowments in allocating 50% or more of its portfolio to alternative investments, KIC's chairman, Hongchul “Hank” Ahn, said Wednesday.

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  7. Hartford HealthCare puts $49 million with 2 managers

    trueHartford HealthCare committed $27 million to Stockbridge Value Fund II, a value-added hedge fund that invests in real estate managed by Stockbridge Capital Group and $22 million to Long Pond Capital QP Fund, a global value real estate fund managed by Long Pond Capital.

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  8. Oklahoma State Regents commits to 3 funds on behalf of endowment

    trueOklahoma State Regents for Higher Education approved $16 million total in alternatives commitments on behalf of its endowment trust fund.

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  9. University of California taps chief risk officer for investment office

    trueRick Bookstaber was named chief risk officer and managing director, risk management at the University of California’s investment office.

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  10. New Mexico council earmarks $300 million to 3 funds

    trueNew Mexico State Investment Council, Santa Fe, committed $300 million to three alternative investment funds at its meeting Tuesday, said Charles Wollmann, spokesman for the $20.5 billion endowment.

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  11. Ball State University Foundation adopts new ESG policies

    trueBall State University Foundation adopted new environmental, social and governance policies, including the creation of an ESG portfolio on a pilot-program basis.

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  12. Columbia endowment to divest private prison holdings

    trueThe trustees of Columbia University voted to divest holdings in private prison companies on behalf of its $9.2 billion endowment.

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  13. Lilly Endowment chairman dies

    trueThomas Lofton, chairman of the $10.1 billion Lilly Endowment Inc., Indianapolis, died June 19. He was 86.

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  14. University of Michigan commits $66.5 million to alternatives, co-investments

    trueUniversity of Michigan committed a total of $66.5 million to six alternative investment opportunities from its $10.1 billion long-term endowment pool.

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