The precious metal can be volatile, but it is worthwhile to hold over time, counsels State Street’s Milling-Stanley.
Canadian Colin Heatherington and a co-defendant were also ordered to pay a combined total of more than $215.8 million in restitution.
The investment chief will oversee the university’s endowments, alongside a yet-to-be-selected OCIO firm.
U.S. corporate funding levels stay high as the likelihood grows of an interest rate cut later this year.