
Asset Allocation
Endowments Should Hold on to Value Assets, NEPC Says
Growth assets and strong manager selection have helped endowments outperform this year.
The $2 billion fund, now in the market for its first CIO, decided it’s big enough to shift asset management internally.
Private equity had a good year, but individual selections of stocks and other assets hobbled overall showing, report says.
The Jesuit school said it will get rid of energy stocks over 10 years.