Washington University’s Kim Walker Steps Down
Walker will be leaving the $7.5 billion endowment by the end of the year, while the university searches for her successor.
News
An Insider’s Perspective on the Yale Endowment
Former Yale investment committee chair Charles Ellis on David Swensen, crowding, and whether or not the Yale Model is broken.
Is the Yale Model Broken?
Declining returns and current market conditions have some questioning the infallibility of the endowment model—pioneered and perfected by David Swensen—and looking to reinvent.
Columbia Endowment Names New CIO
Tim Donohue will replace Peter Holland following his promotion to CEO.
FEG Acquires Dallas-Based Consultant Larry Thompson & Associates
The merged group will advise $58 billion in assets and expand into four office locations.
Institutional Investors ‘Confident’ in Return Expectations
Asset owners surveyed by Fidelity reported strong chances of excess return despite market uncertainty.
The Great Asset Management Consolidation of 2016
With more than $9 billion in asset manager M&As already underway in 2016, consolidation has become—pun intended—quite a big deal.
PBGC Premiums Push Pensions Toward PRT, Lump Sums
Plan sponsors have “scrambled” to reduce their liabilities as a result of the rising premiums, according to NEPC.
Louisiana Municipal Pension Hires Inaugural CIO
Christopher Saik will lead the $800 million fund after a year-long search.
How Liquidations Hurt Hedge Fund Returns
Hedge funds that fail to hedge against investor withdrawals generate the worst performance, a study finds.
Why DC Can’t (or Won’t) Innovate
Are plan sponsors trying to solve the wrong problem?
Funds-of-Hedge Funds Liquidations Trump Launches, Preqin Says
Fund closings have been double fund launches for the past two years.
Winter Is Coming
Defined benefit pensions are in decline, nowhere more so than in the UK. Fortunately, there are plenty of ways to secure them.
Texas A&M Foundation Loses Investment VP
Janet Handley will be retiring after more than 15 years at the College Station, Texas-based fund.