Endowments & foundations
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OCERS backs resolution giving public funds a break on alternatives fees
trueOrange County Employees Retirement System, Santa Ana, Calif., on Wednesday approved a resolution supporting more widespread use of pension fund share classes for alternative investments and broader use of hard hurdles for performance fees, confirmed Girard Miller, chief investment officer of the ...
BNY Mellon Master Trust return rises for 4th quarter
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 4.73% in the fourth quarter, up slightly from 4.47% median return for the previous quarter.
Princeton tweaks endowment allocation to boost liquidity
truePrinceton University's $18.2 billion endowment increased its exposure to domestic and international developed markets equities in an effort to boost liquidity.
Texas A&M wants investment consultant
trueTexas A&M University System, College Station, is searching for an investment consultant for its $3.2 billion cash concentration pool and $883 million System Endowment Fund.
University of Michigan OKs $179 million for equity, real estate, private equity
trueUniversity of Michigan endowment invested or committed a total of $179 million to five managers from its $9.1 billion long-term portfolio.
Citadel's Griffin gives Harvard $150 million
trueHarvard University received a $150 million donation from alumnus Kenneth Griffin, the 45-year-old founder and CEO of Citadel Advisors LLC, mainly to support financial aid.
Specter of 2008 still drives institutional investors to focus on risk, study finds
trueRisk is dominating the investment conversation among institutional investors, and the financial crisis of 2008 still remains the main reason almost six years later, according to a study released Tuesday by Bank of New York Mellon Corp. in collaboration with Harry Markowitz, 1990 recipient of the ...
Investors scrutinizing high carbon emissions risk
trueExposure to companies with extensive fossil fuel reserves and companies with high carbon emissions ranks as the top concern among trends in environmental, social and governance issues, driving pension funds to examine the risks and to craft responses.
New Mexico Educational commits $290 million to alternatives
trueNew Mexico Educational Retirement Board's investment committee approved committing $290 million to private investment funds.
Oklahoma Tobacco trust will redo GTAA search
trueOklahoma Tobacco Settlement Endowment Trust, Oklahoma City, will reissue an RFP for its first global tactical asset allocation managers to run a total of $60 million to $70 million.
Idaho Endowment picks WCM Investment Management for international growth equity
trueIdaho Endowment Investment Board, Boise, hired WCM Investment Management to run about $110 million in active international growth equities.
Harvard Management Co. private equity managing director to leave
trueLane MacDonald is leaving his position as managing director of private equity at Harvard Management Co. after two months on the job.
LSU Foundation picks frontier markets, MLP managers
trueLSU Foundation hired Everest Capital to run a frontier markets equity portfolio and Harvest Fund Advisors to run a master limited partnership portfolio.
Library foundation assets of $2.5 billion tallied in Wilmington research
trueLibrary foundations supporting presidential and public libraries have an estimated combined $2.5 billion to $3 billion in assets, according to new research from Wilmington Trust N.A.
Portsmouth sticks with H.M. Payson as investment consultant
truePortsmouth, N.H., rehired H.M. Payson as investment consultant for its trust fund investment pools.