Pennsylvania PSERS Reports Preliminary 3.54% Return for 2023
The $72.8 billion pension fund also launched a new strategic plan and hired an external derivatives manager.
Asset Allocation
Q3 Another Stinker for M&A, but It May Set Table for Sizable Rebound
Lower valuations and lots of unspent cash are the ingredients for an eventual upturn, says PitchBook.
Proposed Amendment to Texas Constitution Would Create Endowments for Smaller Schools
Universities other than the state’s two flagship institutions would benefit from the proposition.
Cornell Endowment Returns 3.6% in Fiscal 2023
With a return ranked 2nd in the Ivy League this year, the university reported a net investment gain of $355 million.
Florida State Board of Administration Reducing Allocation to Stocks
The state’s allocation to alternatives will increase in the newly adopted investment plan.
Princeton Endowment Declines 1.7% in Fiscal 2023
Ivy League endowments trended weaker in the year that ended June 30, but Princeton is the first institution to report a result in the red.
Norway’s Sovereign Wealth Fund Drops $44.7B in Market Value in Q3
The $1.3 trillion Government Pension Fund Global’s investment portfolio lost 2.1%—$33.6 billion—during the quarter.
Why Private Equity Is Still Dogging It
A host of macro problems leave PE fund investors with just small gains.
Harvard Endowment Returns 2.9%, Outperforming Many Peers
Venture capital investments dragged down returns in a muted year for alternatives.
State Teachers Retirement System of Ohio Returns 7.55% in Fiscal 2023
Traditionally a strong performer for the pension fund, alternatives underperformed during the fiscal year.
Do Consultants Help Investment Returns?
A CIO Allocator Insights panel offers advice on dealing with outside advisers.
Ireland to Establish Sovereign Wealth Fund
The Irish government will also launch a fund focusing on infrastructure, climate, and nature.
4 Ivy League Institutions Release Fiscal 2023 Endowment Results
Brown, Columbia, Dartmouth and Penn all improved their returns from 2022 but alternative investments dragged down returns.
Mature Asset Managers Increase Hedge Fund Market Share to 84%
Seward & Kissel’s annual report based on fund side letters attributed the gain to a fundraising advantage over newer firms trying to establish a toehold.
At Least 8 States Buy Israeli Bonds Totaling More Than $100M to Support War Against Hamas
Moody’s warns that a prolonged conflict could hurt the country’s credit rating.