Research out of the University of Toronto’s business school found that on average, large private equity investments by DB plans have returned 10.8% more than small investments.
University endowments around the country--both big and small--are pondering the role of fossil fuel investments in their portfolios, and endowments' social responsibilities more broadly.
Andrew Ang, a top financial economist with the Columbia Business School, argues that reported returns on illiquid assets are systematically inflated, making the class rarely worth its risk.
Advisers to the struggling Endowment Fund have removed Mark Yusko and temporarily closed the fund to new investments, appointing former Texas Teachers deputy Lee Partridge as CIO.
An academic theory predicting a downward trend of car-use globally is causing some in the infrastructure investing industry to ponder the future of the asset class.
Rothesay Life, Goldman Sachs’ UK insurance arm, has struck its first deal of the year, agreeing to insure £115 million of the Vestey Group’s retirement liabilities.