Endowments & foundations
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UTIMCO fine tunes asset allocation for fiscal 2015
trueUniversity of Texas Investment Management Co. officials proposed new asset allocation targets for the fiscal year ending Aug. 31, 2015, for the $25 billion the Austin-based firm manages in endowment funds for the University of Texas System and Texas A&M.
J.P. Morgan accused of self-dealing in managing church trust
trueChrist Church Cathedral, Indianapolis, is suing J.P. Morgan Chase & Co. in federal court, claiming two cathedral trusts lost a total of $13 million from investments managed by the firm from 2004 through 2013, court documents show.
Aggies hire LCG to replace longtime consultant Fund Evaluation Group
trueTexas A&M University System, College Station, hired LCG Associates, Inc. as investment consultant
Taking a wide-angle view of the outsourced CIO
trueIt pays to hire an OCIO who understands the priorities and workings of the institution first and only then develops a custom investment strategy to fit.
Texas Tech corrals Pinnacle for hedge fund of funds
trueTexas Tech University System endowment invested $25 million in Pinnacle Opportunity Fund, a hedge fund of funds managed by Pinnacle Asset Management.
trueAn updated look at nuclear decommissioning trust funds.
Harvard appoints head of public equity
trueMichael Ryan was named head of public equity at Harvard Management Co., a new position.
InvestorForce universes gain 3.4% in second quarter
trueInvestorForce Plan Universes funds posted a median net return of 3.4% in the quarter ended June 30.
Foundation, endowment officials add overseas conflicts to growth concerns
trueFoundation and endowment investment officers were less concerned about a slowdown in global growth though it remained their greatest threat to investments, a quarterly NEPC survey said, while potential overseas conflicts are now on their radar.
New CIO chosen for American University in Cairo endowment
trueJanice Emery was named chief investment officer of the American University in Cairo, Egypt, said Brian MacDougall, executive vice president for administration and finance, in an e-mail.
University of California deputy CIO is retiring
trueMel Stanton, deputy chief investment officer for the University of California, Oakland, is retiring after 24 years.
Eastern Kentucky University scouting for investment consultant
trueEastern Kentucky University Foundation, Richmond, is seeking an investment consultant for its endowment.
truePolicies vary when it comes to ESG, but some institutions are leading the way.
Harvard leads in endowment manager pay
trueHarvard University, Cambridge, Mass., isn’t letting underperformance get in the way of top pay.
McKnight Foundation adds director of impact investing
trueElizabeth McGeveran was named impact investing program director at the $2 billion McKnight Foundation.