Riverside Church endowment seeds private debt joint venture
Riverside Church in the City of New York committed up to $5 million from its $150 million endowment to a new social justice-based debt investment strategy managed by a new joint venture formed by...
View ArticleInstitutional investors behind iShares growth in Asia-Pacific
Institutional investors are driving the growth in demand for iShares exchange-traded funds in the Asia-Pacific region, accounting for 85% of the business' $7 billion in net inflows for 2015.
View ArticleTexas Permanent School Fund to manage first internal hedge fund-of-funds...
Texas State Board of Education, Austin, approved establishing the first internally managed hedge fund-of-funds portfolio of the $29.2 billion Texas Permanent School Fund.
View ArticleArizona State Retirement System CIO leaving to join Phoenix-based foundation
Gary R. Dokes was named chief investment officer of the $760 million Arizona Community Foundation.
View ArticleGreat Lakes Protection Fund endowment taps Ellwood as consultant
Great Lakes Protection Fund hired Ellwood Associates as investment consultant for its endowment fund.
View ArticleWilshire TUCS: 2015 marks first year of negative returns since 2008
Trusts in the Wilshire Trust Universe Comparison Service returned a median -0.17% in calendar year 2015, the first negative year since 2008 and down from a median 6% in 2014.
View ArticleInvestorForce universes rebound in fourth quarter with 2.19% median return
MSCI's InvestorForce Plan Universes rose as equity markets rebounded from a terrible third quarter.
View ArticleProvidence exec gives Brown $25M for entrepreneur center
Jonathan M. Nelson, founder and CEO of private equity firm Providence Equity Partners LLC, has given his alma mater, Brown University, a $25 million gift to create the Jonathan M. Nelson Center for...
View ArticleTexas takes hybrid path to internally run hedge fund
Texas Permanent School Fund's investment department has the go-ahead to manage its first portfolio of hedge funds internally, and the hybrid structure of the new fund means fund operations will be...
View ArticleU.S., Canadian assets rise 2.5% in fiscal year, NACUBO-Commonfund study finds
U.S. and Canadian college and university endowment assets totaled $529 billion for the fiscal year ended June 30, up 2.5% from a year earlier, results of the NACUBO-Commonfund Study of Endowments...
View ArticleVenture cap investments could be victim of own success
Venture capital has, for many endowments, been the best performing asset class in recent years.
View ArticleGlobal slowdown increasingly seen as biggest threat to performance - NEPC
A slowdown in global economic growth was the greatest near-term threat to investment performance in the quarter ended Dec. 31, said 67% of chief investment officers of endowments and foundations said...
View ArticleAmerican Red Cross strengthens operations, governance
Jane A. Western and Carol Lindsey joined the investment staff of American Red Cross.
View ArticleCongressional leaders want details on how private university endowments operate
The 56 largest private university endowments have until April 1 to explain to Congress how they use their tax-preferred status for educational and charitable purposes.
View ArticleWaukesha County foundation picks Northern Trust for discretionary investments
Waukesha County (Wis.) Community Foundation hired Northern Trust's foundation and investment advisor group as discretionary investment consultant.
View ArticleUniversity of Michigan earmarks $181 million for alternatives
University of Michigan, Ann Arbor, committed a total of $180.8 million in seven alternative investment strategies from its $9.8 billion long-term endowment pool.
View ArticleUniversity of Houston endowment allocates $17.5 million to 6 managers
University of Houston System committed or invested $17.5 million total with six managers on behalf of its roughly $648 million endowment.
View ArticleHarvard's endowment to anchor ex-Apollo partner fund
Harvard University's endowment, in backing a distressed energy fund started by former Apollo Global Management executive Sam Oh, is following through on a plan to invest more in private equity as part...
View ArticleWhy most endowments should avoid comparing themselves to Yale
Investment committees of small to mid-size endowments must suffer Yale envy.
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