How the University of California and other public schools use reserve funds to keep pace | The Washington Post
August 25th, 2016
Harvard, Yale, Princeton and Stanford universities are in a class of their own in terms of wealth. Each of the private titans has built endowments of tens of billions of dollars to support their enterprises. The public University of California and others keep a large pool of cash on hand for projects- and other fiscal emergencies.
Foundations fail to eke out positive return in 2015 | Pensions & Investments
August 23rd, 2016
Foundations had flat returns in fiscal year 2015 ended Dec. 31, said a report from Commonfund Institute and the Council on Foundations.
Why Endowments Outperform in Private Equity | Chief Investment Officer
August 23rd, 2016
How often do you check up on your general partners (GPs)? Research has suggested that high reporting frequency in private equity is a sign of good governance in GPs and limited partners (LPs) alike—and could lead to better overall performance.
Some Foundations, Endowments Re-evaluating Hedge Fund Use | Think Advisor
August 18th, 2016
Foundations and endowments have a lot of complaints about hedge funds, but most are not giving up on them, according to a new survey by NEPC, an investment consulting firm.Indeed, given their concerns about the U.S. economy and global growth prospects, many investors may be looking toward hedge funds to protect their portfolios.But a sizable number seem to be turning away or cutting back.
Are E&F Investors Abandoning Hedge Funds? | Chief Investment Officer
August 16th, 2016
Endowments and foundations are the latest investor group to put pressure on the traditional hedge fund model. Nearly a quarter of endowments and foundations now allocate nothing to hedge funds, compared with just 2% two years ago, according to NEPC. In addition, the proportion of survey respondents allocating 10% or less of their portfolios to hedge funds has swollen from 34% to 55% in the same period. Less than a quarter (23%) now allocate 11% to 20%, down from 39% in 2014.
Harvard CEO's resignation places cloud over strategy | Pensions & Investment
August 8th, 2016
The future performance of Harvard's endowment is uncertain now that its management company's third president in 10 years has left.
August 4th, 2016
The Harvard Management Company, like the markets in which the endowment invests, has experienced cyclical performance behavior. While the 12% returns that their asset managers have generated over the past 20 years is significantly above average, lately there has been trouble.
Pressure to Spend More on Poor Students | Inside Higher Ed
August 04th, 2016
A new report suggests wealthy institutions should spend more from their endowments to help low-income students, but many campus critics say it's not so simple.
Northern Trust wins $1.2bn US Endowment Fund Mandate | Global Custodian
July 8th, 2016
Northern Trust has won the contract to act as custodian for the $1.2 billion Virginia Commonwealth Investment Management Company. The mandate will cover all global custodian duties for the Virginia Commonwealth University endowment fund and other university assets.