Foundations Post Slashed Gains in 2014
Despite lower returns, nearly 60% of foundations increased their spending rates, according to Commonfund and the Council on Foundations.
News
Risk Parity Smiles Through Market Correction
Risk parity powerhouses on why the strategy delivered on its promises during the recent days of stock markets crashes and rallies.
Purdue Endowment CIO Moves Up
The $4 billion fund hired a public pension CIO to replace Scott Seidle, who takes on a larger role.
PPF Hires to Insource LDI
Aviva Investors’ Trevor Welsh joins the UK’s lifeboat fund as its first head of LDI.
Make Advisors Accountable, CalPERS Urges DoL
America’s largest pension has weighed in on the proposal to extend fiduciary duty to retirement advisors.
Swedish Funds Target €4B Real Estate Investment
AP1 and AP2 team up with property specialist TIAA-CREF to build out their joint property portfolio.
Cash Gets More Expensive as Fed Hike Looms
Interest rates may still be at record lows, but that has not stopped some money market fund providers from inching up their charges.
Harvard Endowment Gets New Board Members
Former Federal Reserve governor Jeremy Stein and Canyon Partners co-CEO Joshua Friedman have joined the board of Harvard Management Company.
Replacing Hedge Fund 'Alpha' with Smarter Beta
Investors can access the risk premia from some hedge funds on more favourable beta-like terms, claims bfinance.
The Changing of the Guard at Casey Quirk
Now more Quirk than Casey, younger co-founder Kevin Quirk takes over the chairmanship from John Casey, who is transitioning to a senior advisor.
Dallas Police & Fire Pension Names Inaugural CIO
James Perry, currently assistant CIO for the Texas Tech’s endowment, has been tapped to lead the deeply underfunded pension plan.
China Seeks to Prop Up Equities with $94B from Pension Fund
The country’s authorities want its public pension to help support its ailing stock market.
Back to School: Norway SWF Offers Internships
Norges Bank is looking for “high achievers” to work alongside Norway’s wealth fund.
How BlackRock Could Scare Investors Into Selling
Academics have found investors—in fear of fire sales—migrate from stocks owned by asset managing giants, resulting in negative returns and low liquidity.
Yale Hits Back at Endowment ‘Hoarding’ Accusations
A New York Times op-ed and writer Malcolm Gladwell have called out Yale for spending too much on managers, and not enough on students.