Asset Allocation
Wellesley Endowment Returns 7.8% in Fiscal 2024
Assets of the Massachusetts women’s college rose to nearly $3 billion at the end of June.
News
Asset Allocation
Surging Domestic Equities, Bonds Buoy Canadian Pensions’ 5% Gain in Q3
The median plan’s returns rebounded from weak gains in the second quarter and negative returns a year ago.
Risk
Pension Funds Mount Defenses Against Growing Cyberthreats
Security is ‘top of mind,’ as attacks have grown and insurance is more costly.
Asset Allocation
Yale Endowment Achieves 5.6% Return in 2024 Fiscal Year
Assets managed by the university’s office of investments rose to $41.4 billion.
Asset Allocation
Princeton’s 3.9% Return Lapped by Ivy League Peers
Five other elite endowments reported returns more than double that of Princeton’s.
Alternatives
Wisconsin Pension Commits $70M in Capital to Altriarch Asset Management
The State of Wisconsin Investment Board will divide the investment between two strategies from the private credit firm.
Corporate Moves
Private Equity Investment in Insurance Surges, While Global Deals Decline in Value
Private investments in insurance are on pace to end the year with their highest total in more than a decade.
Asset Allocation
University of Michigan Endowment Returns 8.93% in Fiscal 2024
The university’s investment portfolio grew by $1.3 billion during the year, reaching $19.2 billion.
Pensions
PBGC Approves $23.6M Grant to Midwestern Teamsters’ Pension Fund
Special financial assistance funds will preserve pension benefits for 615 transportation-industry participants.
Asset Allocation
World’s Largest Sovereign Wealth Fund Climbs Closer to $2T
Norway’s GPFG could be the first $2 trillion pension before the end of next year.
Newsmakers
Michael Hughes Appointed to Lead Portfolio Management at Verus
Hughes will lead investment management efforts across the firm’s OCIO business.
Pensions
BCI Sees Progress and Room for Improvement on Company Engagement
The $181 billion Canadian pension fund voted against management more than one-quarter of the time in fiscal 2023.
Opinion
Private Fund Advisers Rules in Retrospect: Just Sound and Fury, Signifying Nothing?
Although vacated by a federal court earlier this year, the rules’ themes are still worth consideration
Alternatives
NYC Comptroller Lander Proposes Excluding Fossil Fuels From Future Infrastructure, Private Equity Investments
The proposal for three New York City pension funds would expand divestment to fossil fuel reserve owners and private markets infrastructure, such as pipelines and distribution terminals.
Newsmakers
NZ Super Picks Internal Candidates as New Co-CIOs
Brad Dunstan and Will Goodwin will be promoted to share the investment chief position.