Endowments & foundations
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Nebraska Investment Council taps state investment officer
trueMichael Walden-Newman is joining the Nebraska Investment Council as state investment officer, he said.
American University endowment mulls fossil-fuel divestment
trueAmerican University's board of trustees could vote at its meeting next week on divesting fossil-fuel holdings from the university's $550 million endowment fund.
Oklahoma tobacco trust goes with Invesco for high-yield bonds
trueOklahoma Tobacco Settlement Endowment Trust hired Invesco to run $60 million in an active domestic high-yield portfolio.
University of Bradford taps Cazenove for long-term investments
trueUniversity of Bradford hired Cazenove Capital Management to provide investment management services for its long-term investment funds.
Taking a more proactive approach to socially responsible investing
trueMany non-profit organizations with growing endowments and foundation investments pools can use SRI to make impactful contributions to their mission and work.
Stanford Management Co. CEO will leave next year
trueJohn F. Powers, Stanford Management Co.’s president and CEO, will be leaving next year as soon as a replacement can be found.
Chicago cops CIO joins University of California in new managing director role
trueSamuel Kunz will join the investment office of the University of California, Oakland, in the new position of managing director, asset allocation and investment strategy.
Operating charities average 15.1% return in fiscal 2013, report finds
trueOperating charities returned an average 15.1% in fiscal year 2013, a significant improvement from less than 12% the previous year, a report from Commonfund Institute said Monday.
Asset owners' returns fall in 3rd quarter, 2 reports find
trueThe median return of all plans in the Wilshire Trust Universe Comparison Service and BNY Mellon Trust Universe and was -0.84% and -0.83%, respectively, for the third quarter of 2014, the first negative quarter since the second quarter last year.
University of Utah endowment issues call for investment consultant
trueUniversity of Utah is searching for an investment consultant for its $900 million endowment.
NYU endowment posts 13.7% return for fiscal year ended Aug. 31
trueNew York University endowment returned 13.7% for its fiscal year ended Aug. 31, ending the year with $3.5 billion in total endowment assets, the university reported.
Chicago teachers pension fund CIO leaves for W.K. Kellogg Foundation
trueCarmen Heredia-Lopez was named director of investments at the W.K. Kellogg Foundation, Battle Creek, Mich., effective Dec. 1, said Omar Hussain, spokesman for the $8.3 billion foundation.
Emory University endowment returns 19.1% for year ended June 30
trueEmory University endowment, Atlanta, returned 19.1% in the year ended June 30, said university spokeswoman Elaine Justice.
Northern Trust institutional universe loses ground in third quarter
trueCorporate defined benefit plans edged out public pension plans and endowments and foundations in a quarter that saw weak performance overall, Northern Trust data shows.
InvestorForce universes drop 1.1% in third quarter
trueInvestorForce Plan Universes funds posted a median net return of -1.14% in the quarter ended Sept. 30. The median return gross of fees in the quarter was -1.03%.