The world’s largest endowment also bought 1 million shares of Amazon, despite cutting back sharply on Alphabet, Meta and Microsoft.
CIO connected with Gregory Brown, a professor of finance at the University of North Carolina’s Kenan-Flagler Business School, regarding his research into valuing illiquid assets.
Restrictions on use and the funds’ earmarked status limit how much universities can rely on endowments to address funding shortfalls.
A 9.1% return in fiscal 2024 added A$18.8 billion to the sovereign wealth fund’s portfolio.
Investors’ thoughts on how system-level investing, focusing on interconnections between stressed, complex systems, can impact portfolio performance and where it can help.
