Newsmakers
Georgetown University Taps Lehigh Endowment for New CIO
Kristin Agatone will become the investment chief of the $3.7 billion endowment, effective September 15, succeeding Michael Barry.
Tag: Endowment
Regulation
Senate GOP Tax Plan Pulls Back on Endowment Tax, Section 899
The bill proposes slight changes to the House version and nixed some provisions, such as the private foundation tax.
Asset Allocation
Easier Said Than Done: Shifting Private Foundation Assets to Offset Proposed Tax Could Prove Difficult
Liquidity needs and potential spend-downs make alternative investments a tricky tax-hike solution.
Newsmakers
MacArthur Foundation Names Bola Olusanya CIO
He succeeds the retiring Susan Manske to oversee the nearly $9 billion endowment.
Asset Allocation
Proposed Endowment Tax Hikes Would Further Complicate University Investment Strategies
House members have proposed boosting the 1.4% endowment tax rate as high as 21%—matching the corporate tax rate.
Market Moves
Harvard Exploring $1B Secondaries Market Sale
Jefferies is reportedly advising the university's endowment on a sale to Lexington Partners.
Asset Allocation
Institutional Investors Expect to Raise Risk Tolerance for Private Markets
Private infrastructure is attracting more attention from pensions, sovereign wealth funds and endowments, per a Nuveen survey.
Newsmakers
Rice University Promotes John Lawrence to CIO
The fund’s interim investment chief and deputy CIO has been named to the top role.