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.
Tag: Endowment
Asset Allocation
Amnesty International Scolds University Endowments for Human Rights Indifference
The report gives failing grades to several major university investment offices due to a lack of ‘human rights due diligence.’
Newsmakers
Princeton Endowment President, CIO Andrew Golden to Retire in 2024
During his 28-year tenure, the endowment has posted annualized returns of 12.6%.
Newsmakers
Britt Harris To Leave UTIMCO in June
CIO Rich Hall will be promoted to CEO and president.
Asset Allocation
Notre Dame Endowment Loses 6.9% in 2022
While a far cry from 2021’s 53.2% return, the pool outperformed its benchmark by 660 basis points.
Regulation
Connecticut Bill Would Allow Cities to Tax Private College Endowments
Yale’s $41.4 billion endowment could be targeted by the city of New Haven if the proposed legislation passes.
Asset Allocation
Endowments, Foundations Increase OCIO Use, but Underutilize Alts
A CAPTRUST survey also found that the number of nonprofits allocating to ESG investments decreased in 2022.
Asset Allocation
UC Investments Gives $4 Billion Boost to Blackstone Real Estate Fund
Investment from $152 billion manager comes one month after BREIT had a run on withdrawals.
Asset Allocation
UNC, NC State Endowments Killed It in Fiscal 2022
Returns of 4.4% and 3.2%, respectively, for the Tarheels and Wolfpack are among the best in the U.S. for the year ended June 30.
Regulation
Proposed Legislation Aims to Improve Diversity in College Endowment Asset Management
The bill would require colleges and universities to disclose the share of their endowments invested by minority- and women-owned asset management firms.
Asset Allocation
Renewable Energy Powers Michigan Endowment to Robust 2.2% Return
CIO credits renewable fuel and sustainable energy investments for outperforming the average by 870 basis points.
Asset Allocation
Stanford University’s Endowment Loses 4.2% in Fiscal 2022
Total assets under management decline to $40.1 billion from $41.9 billion in fiscal 2021.
Manager Selection
Hamilton College Names Columbia’s Lauren Jacobson CIO
The managing director of the $13.3 billion Ivy League endowment will take the investment helm at Hamilton November 7.
Asset Allocation
Harvard Endowment’s 1.8% Loss Deemed ‘Very Good Result’
Despite the negative return, Harvard is outperforming most of its peers after lagging in 2021.
News
Columbia, Brown, Iowa Endowments Lose 7.6%, 4.6%, 2.4%
Falling markets and rising inflation take toll on endowment investment portfolios.