Endowments & foundations
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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 ...
University of Illinois Foundation chooses director
trueNatasha Cupps was named director of public markets and marketable alternatives at the $2.27 billion University of Illinois Foundation, according to a news release.
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.
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.
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 ...
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.
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.
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.
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.
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.
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.
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.
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.
Lilly Endowment chairman dies
trueThomas Lofton, chairman of the $10.1 billion Lilly Endowment Inc., Indianapolis, died June 19. He was 86.
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.