Endowments & foundations
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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%.
University of Vermont commits $10 million to Asia private equity fund of funds
trueUniversity of Vermont committed $10 million to Asia Alternatives Capital Partners IV, a private equity fund of funds.
J.P. Morgan expands EMEA endowments and foundations team
trueKris Jonsson and Sandeep Bhamra were appointed client advisers in J.P. Morgan Asset Management's newly created endowments and foundations team for Europe, the Middle East and Africa.
University of Illinois Foundation appoints interim president
trueEdward F. Ewald was named interim president of the University of Illinois Foundation.
Money managers create firm to cater to Catholic investors
trueSome big names in institutional investing have joined forces to provide Catholic-affiliated pension funds, endowments and other non-profit organizations with money management that follows the tenets of their faith.
Andrew Carter, father of active bond management
trueAndrew M. Carter — the father of active bond management who also created the first bond index fund and was considered “one of the finest math guys” in fixed income — built a clientele of some of the biggest corporate pension funds.
Pyramis: U.S. investors have different take on alternatives than Europe, Asia
trueU.S. institutional investors' views on investing in alternatives has diverged from their investing brethren in Europe and Asia, said a new survey by Pyramis Global Advisors.
Natural resources, venture capital help fuel University of Michigan returns in 2014
trueUniversity of Michigan's endowment returned 18.8% in the year ended June 30. While returns were fueled largely by public equities (its largest allocation), the end6owment's natural resources and venture capital portfolios posted the highest returns.
UNC hires director of public investments from UPS
trueEd Hetherington is joining the University of North Carolina Management Co. as vice president and managing director of public investments for the $3.54 billion UNC Investment Fund.