Newsmakers
Kresge Foundation Seeking Investment Director
The Troy, Michigan-based foundation manages $4 billion in assets.
Tag: Endowment
Newsmakers
Johns Hopkins University Seeking New CIO
The successful candidate will oversee $9 billion of endowment and pension assets.
Newsmakers
University of Utah Seeking Director of Investments
The investment chief will oversee the university’s endowments, alongside a yet-to-be-selected OCIO firm.
Newsmakers
Church Commissioners for England Appoints Poppy Allonby as Endowment CIO
Allonby’s appointment as investment chief of the $12.74 billion fund is effective September.
Newsmakers
NYU Appoints Michelle Knudsen as CIO of $5.9B Endowment
The investment chief is moving from the Mellon Foundation.
Asset Allocation
Texas Constitutional Amendment Creates Endowment Fund for Newer Universities
A separate proposition enabling a cost-of-living increase to pensions for retired teachers was also approved.
Newsmakers
Princeton Names Vincent Tuohey Next Endowment President
Tuohey will take over at PRINCO when Andrew Golden retires next year.
Asset Allocation
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.
Asset Allocation
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.
Asset Allocation
MIT Endowment Return Dips 2.9% in Fiscal 2023
Although the endowment posted negative returns for a second year in a row, the funded status of its defined benefit pension plan improved.
Newsmakers
2023 Asset Owner Industry Innovation Award Finalists Announced
On December 5, CIO will recognize the allocators driving change and enhancing performance in institutional investing.
Pensions
University of Virginia Endowment Return Misses Benchmark by 10.3 Percentage Points
According to UVIMCO, its developed market managers ‘were not able to fully capture the strong gains seen in domestic equities.’
Asset Allocation
Idaho Endowment Board Reports 10.9% Return for Fiscal 2023
The state’s Land Board will distribute a record $103.2 million to beneficiaries in fiscal 2025.
Manager Selection
MetLife CIO Steven Goulart to Retire in August
The firm has a mandatory age-65 retirement policy, although it has been waived in the past; several corresponding promotions were also announced.
Pensions
Michigan State University Endowment Buys Majority Stake in Detroit Landmark
The university is paying $21 million for 79% of the 95-year-old Fisher Building.