Asset Allocation
University of Pennsylvania Endowment Returns 7.1%
Assets of the fund increased to $22.3 billion as of June 30.
The report gives failing grades to several major university investment offices due to a lack of ‘human rights due diligence.’
Investment portfolios see sharp reversal from last year’s record returns.
Why big allocators on this side of the Atlantic, like CalSTRS, CPPIB, and OMERS, are seeding Old World newbie companies.
Penn is accused of breaching its fiduciary duty by accepting high fees, poor investments.