Cyberattacks on universities have soared, so university endowments are trying to catch up with other industries to ensure their portfolios are safe.
In the latest rebound for an Ivy League pension, assets of Columbia’s endowment rose to $14.8 billion.
The United Nations’ Joint Staff Pension Fund’s total asset value increased to $97.3 billion but did not meet its benchmark’s return.
Assets of the university’s endowment rose to $634 million, and the organization has set its sights on reaching $1.5 billion in the next 10 years.
Asset allocators and other investors are shifting their risk budgets away from active strategies, according to a report.
Macro forces and long-term investment horizons are pushing sovereign wealth funds to move portfolios into private markets and adopt new structures.
The acquisition of the four properties of Queensland Airports from Australian funds is expected to close this year.