Endowments & foundations
News and Video on Endowments & Foundations
Asset owners prefer specialists for alternatives portfolios
trueMoney managers offering both traditional and alternative investment strategies are continuing their push into alternatives, but Pensions & Investments' search and hire data reveal they are not gaining assets as rapidly as firms that specialize in alternative investments.
Making banks accountable
truePension funds, endowments, foundations and other asset owners — victims of manipulation of foreign exchange prices by four big banks and interest rate benchmarks by another — must demand reimbursement for their losses following the guilty pleas of the banks to criminal charges concerning the ...
New York University appoints new CIO
trueKathleen E. Jacobs was named chief investment officer at New York University.
University System of Georgia sticks with SunTrust for consulting, custody
trueUniversity System of Georgia rehired SunTrust Banks as discretionary investment consultant and custodian for its $580 million pooled investment fund.
University of Oklahoma Foundation selects CIO
trueBrad Johnson was named chief investment officer of the $1.4 billion University of Oklahoma Foundation.
Institutional investors urge G-7 to support emission reductions globally
trueRepresentatives from some of the world’s largest pension funds, endowment funds and money managers signed a letter to the finance ministers of G-7 countries urging them to support a move to a low-carbon investment environment.
University of Houston endowment makes 3 private equity commitments
trueUniversity of Houston System committed $22.5 million total to three private equity funds on behalf of its approximately $600 million endowment.
University of Michigan endowment commits nearly $400 million
trueUniversity of Michigan invested or committed a total of $396 million to six alternative investment strategies from its $10 billion long-term endowment pool.
University of Maryland Foundation goes with Northern Trust as custodian
trueUniversity of Maryland System Foundation hired Northern Trust as custodian.
Corporate pension funds again top BNY Mellon Master Trust Universe
trueThe median return of all plans in the BNY Mellon U.S. Master Trust Universe was 2.4% in the first quarter of 2015, up from 1.62% in the fourth quarter of 2014 and driven by strong returns in non-U.S. equities and real estate.
University of Oxford reaffirms climate-change policies for endowment investing
trueUniversity of Oxford, Oxford, England, will continue to avoid direct investments in coal and oil sands companies within its endowment funds, and will strengthen the level of engagement and public reporting on carbon emissions and climate change.
Harvard compensation increases 50% for top 6 endowment officials
trueHarvard University paid its top six endowment officials $49.3 million total in 2013, up 50.3% from what the top six executives earned the year before, said university spokesman Jeff Neal.
Stanford private equity director to join Adams Street Partners
trueSaguna Malhotra, managing director, private equity for Stanford Management Co., will be joining private equity management firm Adams Street Partners as a partner in mid-June, said Martin Gawne, Adams Street spokesman, in an e-mail.
NEPC: Investment committees largely control allocation policy for foundations, endowments
trueA significant majority of the investment committees of U.S. endowments and foundations have retained approval of their funds’ asset allocation policy (85%) and investment policy and objectives (82%) as part of their governance policies.
University of Central Florida Foundation recruits CEO
trueMichael J. Morsberger was named CEO of the University of Central Florida Foundation.