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Foundations Post Slashed Gains in 2014

Despite lower returns, nearly 60% of foundations increased their spending rates, according to Commonfund and the Council on Foundations.

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Headlines

Purdue Endowment CIO Moves Up

The $4 billion fund hired a public pension CIO to replace Scott Seidle, who takes on a larger role.

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PPF Hires to Insource LDI

Aviva Investors’ Trevor Welsh joins the UK’s lifeboat fund as its first head of LDI.

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Harvard Endowment Gets New Board Members

Former Federal Reserve governor Jeremy Stein and Canyon Partners co-CEO Joshua Friedman have joined the board of Harvard Management Company.

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The Changing of the Guard at Casey Quirk

Now more Quirk than Casey, younger co-founder Kevin Quirk takes over the chairmanship from John Casey, who is transitioning to a senior advisor.