Brown University Endowment Returns 11.9% in Fiscal 2025
The assets of the fund rose to $8 billion at the end of June.
News
Harvard’s Calculated Risk Leads to 11.9% Reward in Fiscal 2025
The $57 billion endowment’s allocation to private equity has steadily grown to 41% of its portfolio from 16% eight years ago.
OMERS’ Bruce Power Completes $1B Inaugural Senior Unsecured Bond Issuance
The issuance from the Ontario pension subsidiary is the largest to date within the Canadian power and utilities sector.
Eli Lilly and Co. Selects Goldman Sachs for $25B OCIO Mandate
The company’s CIO, Susan Ridlen, retired in August, and Goldman Sachs Asset Management will now manage its portfolio.
Mega Investors Consider Ditching Silo Investing for Total Portfolio Approach
CalPERS will vote next month on a proposal to adopt the trending investment strategy.
Endowment Tax Increase Will Have ‘Significant Impact’ on Yale Finances
The tax, which will balloon to 8%, will be an ‘ongoing expense of approximately $300 million per year,’ according to the university’s provost.
New York Pension Earmarks More Than $1B, Continues to Shun Public Equities
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.
NextGen Leaders Point to Career Growth, Peer Recognition
Members of the annual CIO list of rising institutional allocators shared how the NextGen program has affected their career development.
Netherlands, Iceland, Denmark Named World’s Best Pension Systems
The A-grade countries’ retirement schemes deliver good benefits, are sustainable and have high levels of integrity, according to Mercer.
Stefan Strein to Receive CIO’s 2025 Versatility Award
The Cleveland Clinic CIO has set up a thriving generalist team that has also become an incubator for investing leaders.
BlackRock AUM Surges Past $13T, Alts Investments Double
The world’s largest asset manager saw year-over-year assets under management grow 17%, while client assets in alternative investments more than doubled due to recent acquisitions.
Andrew Palmer to Receive CIO’s 2025 Lifetime Achievement Award
The now-retired CIO of the Maryland pension system is regarded as a trusted mentor, a proponent of bringing investments in-house and an advocate for reducing volatility and increasing sustainability in public pension funds.
Tom Steyer’s Galvanize Sees Climate Transition as Major Opportunity
The impact investment firm, founded in 2021, has expertise and advantages across asset classes, according to its equities CIO, Seth Kirkham.
MIT Endowment Returns 14.8% in Fiscal 2025
Assets managed by the Massachusetts Institute of Technology Investment Management Co. rose to $27.4 billion.
Australia’s State Super Hires Frontier Advisors as Independent CIO
The consultant firm will employ the superannuation fund’s investment team and manage its portfolio, while the fund will take a ownership stake in the firm.