Endowments & foundations

News and Video on Endowments & Foundations

  1. Virginia Tech Foundation CEO-COO to retire

    Raymond J. Smoot Jr. will retire next July as CEO and COO of the $1.2 billion Virginia Tech Foundation, Blacksburg, confirmed Larry Hincker, spokesman for Virginia Polytechnic Institute and State University, for which the foundation runs assets. Mr. Smoot will remain as a part-time consultant for

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  2. Brown endowment gains 19% in fiscal year

    Brown University endowment’s investments returned 19% in the past fiscal year, according to information on the school’s website. The endowment was valued at $2.5 billion as of June 30, after $69 million in new gifts and $111 million in spending, the Providence, R.I., school said in a statement on

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  3. Brighter economy has CIOs searching again

    There's been a whirlwind of activity among chief investment officers in large public, academic and non-profit plans as approximately three dozen CIO jobs have opened up or been filled within a baker's dozen of months.

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  4. Walmart Foundation picks new president

    Sylvia Mathews Burwell was named president of the Walmart Foundation, Bentonville, Ark., effective in January 2012, according to a foundation news release. She succeeds Margaret McKenna , who is retiring. Ms. Burwell will lead the company's charitable giving efforts and direct Walmart's Global

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  5. Columbia endowment investments return 23.6%

    Columbia University’s endowment returned 23.6% on its investments for the year ended June 30, up from 17.3% a year earlier, confirmed Robert Hornsby, a spokesman for the New York-based university. The annualized return over 10 years was 9.9% for the investment portfolio managed by Columbia

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  6. Princeton endowment's returns roar

    Princeton University's endowment posted a 21.9% return on investments for the fiscal year ended June 30, up from a 14.7% return a year earlier, according to the university's website. The $17.1 billion endowment's average annualized 10-year return is 9.8%, the website said. Assets climbed 18.8%

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  7. Institutional assets up 10% globally, U.K. group says

    Worldwide institutional assets under management rose 10% in 2010 to a record $79.27 trillion, according to estimates by TheCityUK, a U.K. financial services trade organization. The increase was driven primarily by insurance assets, which shot up $4.25 trillion, or 20.9%, to $24.63 trillion. Pension

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  8. University of Chicago investments return 18.8%

    University of Chicago’s endowment returned 18.8% in the fiscal year ended June 30, confirmed spokesman Steve Kloehn. It is the second straight year of positive returns for the $6.3 billion endowment, which returned 19% in the year ended June 30, 2010. The endowment also reported annualized returns

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  9. California Endowment commits to DBL fund

    The California Endowment, Los Angeles, committed $10 million to venture capital fund DBL Investors II, endowment spokesman Jeff Okey. The fund invests in clean technology, information technology, health care and sustainability companies, according to a joint release. The endowment’s commitment

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  10. Long/short equity most popular hedge fund strategy among foundations

    According to a Preqin survey released Monday, 396 foundations are actively investing in hedge funds, allocating on average about 16% of their assets to the asset class. Long/short equity is the most popular strategy employed, with 48% of respondents investing in the strategy.

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  11. Endowments post strong returns

    Six of the nation's largest endowments have reported performance of their endowment investments for the fiscal year ended June 30. All six endowments showed strong double-digit returns, with Duke University leading the group with a 24.5% return. The accompanying table highlights their investment

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  12. OSU experiments with equity overlay hedge

    A guiding principle of the Oklahoma State University Foundation could be: you can never worry too much about a bad thing.

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  13. Big endowment returns for Bulldogs, Blue Devils

    Endowments at Yale University and Duke University both reported investment gains well over 20% for the fiscal year ended June 30. New Haven, Conn.-based Yale returned 22%, helping increase its endowment assets to $19.4 billion, from $16.7 billion a year earlier, according to an e-mail to Bloomberg

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  14. Stanford, MIT report endowment gains

    Stanford University Merged Pool, which includes its $19.5 billion endowment, returned 22.4% for the fiscal year ended June 30, while the Massachusetts Institute of Technology’s core endowment fund returned 17.9%, according to reports from each university. Stanford’s return was up from 14.4% in the

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