For more than eight years, one of the highest paid employees at Wesleyan used university access and funds to make money at other companies and finance family vacations and international recreational trips, the suit alleges.
The Revelation of the Full Extent of American Endowment Problems Entering 2009, the world knew that trouble was afoot at America’s largest endowments. Reports were emerging from Yale, Princeton, Stanford, Harvard, and others as early as September 2008 that
(December 23, 2009) – Pension fund consultancy Mercer is headed to trial in Alaska over charges that it underestimated liabilities and then failed to admit theerror to the state’s pension and health plans for public employees. Mercer’s motion to
(December 23, 2009) – A recent Hewitt survey shows that American pension plans increasingly are looking to step away from risk in many, if not all, of its forms. According to the consultancy’s Global Pension Risk Survey of 153
(December 23, 2009) – Europe’s Candover has agreed to close its nearly $5 billion buyout fund, a fall from grace for this once mighty private equity house. The firm confirmed late last week that its five year investment window
(December 23, 2009) – Bill Gross’s Pacific investment Management Co. (PIMCO), a weathervane for many institutional investors, reportedly has raised its cash holdings to the highest levels since September 2008. According to a report from Bloomberg, PIMCO’s Total Return Fund
According to the latest Global Private Equity Barometer from Coller Capital, 75% of Asian and European private equity investors were unsatisfied, while the same percentage of North Americans were satisfied.