Endowments & foundations
News and Video on Endowments & Foundations
Investors' paths diverge on fossil fuels
truePublic pension funds are lagging behind endowments and foundations in divesting investments in fossil-fuel companies choosing instead to engage energy companies through discussions and shareholder resolutions.
Infrastructure funds not the kind investors prefer
trueMore institutional investors might invest in infrastructure if there were more longer-lived investment structures, such as open-end funds invested in stable projects, consultants say.
Outsourced assets top $1.2 trillion after a 26% increase in a year
trueInvestment outsourcing gained steam as assets managed worldwide for institutional investors rose 26% in the year ended March 31.
Northern Illinois University Foundation keeps Fund Evaluation Group on board
trueNorthern Illinois University Foundation rehired Fund Evaluation Group as its investment consultant.
Harvard Management natural resources exec joins Prudential Financial
trueMatt Ciaschini joined Prudential Financial's mortgage capital unit in San Francisco as chief investment officer for agricultural equity.
Russian International Olympic University signs endowment manager
trueRussian International Olympic University hired VTB Capital Asset Management to manage a newly created endowment fund, created by gifts from donors to support the development of the academic institution.
University of Dayton to divest from fossil-fuel companies
trueThe University of Dayton board of trustees approved a new divestment policy that will start with the divestment of coal and other fossil-fuel companies from the institution's $670 million investment pool
Shareholder class-action suits curbed by U.S. Supreme Court
trueThe U.S. Supreme Court imposed new requirements on shareholders seeking to press class-action fraud lawsuits, giving a partial victory to Halliburton Co.
Harvard's sluggish performance counters Mendillo's optimism
trueJane Mendillo's decision to step down as president and CEO of Harvard Management Co. comes almost a year after Harvard University's endowment reported the lowest five-year annualized return among its Ivy League peers.
Kayne Anderson foundation honored for its support of Exceptional Minds
trueIt's not every day that a money manager's foundation is recognized for being “exceptional,” but Kayne Anderson Capital Advisors Foundation gained that distinction earlier this month from Exceptional Minds, a non-profit supporting autistic young adults.
University of Houston picks 2 emerging markets equity managers
trueUniversity of Houston System hired Somerset Capital Management and Northern Trust Asset Management to run a total of $35 million in emerging markets equity for its $592 million endowment fund.
Asset owners to be more selective with emerging markets — report
trueEmerging markets are facing a period of structural reform that will leave asset owners adopting a much more selective approach to investing in those markets, said a report from London-based CREATE-Research sponsored by Principal Global Investors LLC.
University of Kentucky eyes real estate, real assets searches
trueUniversity of Kentucky, Lexington, expects to issue RFPs for real estate and real assets managers for its $1.2 billion endowment, recent investment committee minutes indicate.
Harvard's managing director in international fixed income resigns
trueApoorva K. Koticha left his position as a managing director in international fixed income at Harvard Management Co.
UConn CIO to join Hartford HealthCare as senior investment director
trueKevin Edwards was named senior investment director at Hartford HealthCare, according to David Holmgren, chief investment officer.