Still-high inflation and an expected recession call for slighting stocks and most other categories, the asset kingpin advises.
The University of Texas System endowment’s oil and gas revenues from its 2.1 million acres of land in the West Texas Permian Basin has it competing with Harvard for biggest endowment by net assets.
Growth stocks rebound, banks are vulnerable, consumer staples rule—all those shibboleths are so last year, the firm’s CIO, John Linehan, says.
World’s largest pension fund’s asset value declines to $1.31 trillion.
Returns of 4.4% and 3.2%, respectively, for the Tarheels and Wolfpack are among the best in the U.S. for the year ended June 30.