Private equity had a good year, but individual selections of stocks and other assets hobbled overall showing, report says.
Asset Management Culture
The university’s management firm has resisted pressure to divest its $41 billion portfolio from fossil fuels.
The university made sweeping commitments to sustainability, including a carbon neutral pledge for 2050 and the appointment of a chief climate officer.
The Jesuit school said it will get rid of energy stocks over 10 years.
They usually aren’t wealthy enough to land high-powered private equity or hedge fund investments. So they turn elsewhere.