Endowments & foundations
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Bowdoin College endowment records 14.4% fiscal year return
trueBowdoin College reported an endowment return of 14.4% in the fiscal year ended June 30.
Stanford endowment returns 7%, increases to $22.2 billion
trueStanford University Merged Pool, which includes endowment assets, returned 7% for the 12 months ended June 30, surpassing its 3.2% benchmark, the Palo Alto, Calif.-based university announced Tuesday.
Penn State endowment returns 3.1%
truePennsylvania State University’s endowment returned a net 3.1% for its fiscal year ended June 30, said a report issued by the university.
Investors taking a stand on divestments
trueThe University of California System is the latest major investor to announce divestment on the basis of climate change. Here's an info graphic looking at others taking similar steps.
California endowment executives facing staff changes, new directions
trueTop investment executives at two major California universities' endowments are implementing investment changes with new team members after key employees resigned or retired.
University of Michigan slates $343 million for 7 strategies
trueUniversity of Michigan, Ann Arbor, committed or invested a total of $343 million in seven investment strategies from its $10.1 billion long-term endowment pool.
University of Kentucky endowment returns miss benchmark by 300 basis points
trueUniversity of Kentucky’s endowment returned a net 1.6% for the fiscal year ended June 30, lagging its 4.6% policy benchmark.
Fresno Regional Foundation seeking investment consultant
trueFresno Regional Foundation is searching for an investment consultant.
University of Illinois endowments return 2.5%
trueUniversity of Illinois' university and foundation endowments each returned a net 2.5% for the fiscal year ended June 30, vs. their 2.8% and 1.3% benchmarks, respectively.
U.K. institutional investor assets grow 7.7% in 2014
trueInstitutional assets in the U.K. continued to grow in 2014, increasing 7.7% to a total £2.8 trillion ($4.3 trillion), said the Investment Association.
University of Washington forms in-house manager for endowment assets
trueUniversity of Washington formed an internal money management company.
MIT's endowment posts 13.2% return
trueMassachusetts Institute of Technology's endowment posted a 13.2% return and was valued at $13.5 billion for the fiscal year ended June 30.
Harvard Management's head of alternative assets to retire
trueAndrew Wiltshire, managing director and head of alternative assets at Harvard Management Co., will retire this year.
University of California sells coal, oil sands holdings
trueThe University of California System, Oakland, has sold $200 million in direct holdings of coal and oil sands companies.
Baystate Health hires Summit Strategies as partial discretionary consultant
trueBaystate Health, Springfield, Mass., hired Summit Strategies as investment consultant for the company's $1.7 billion portfolio.