Adjustments made to lower risk, and in anticipation of lower returns.
CEO says portfolio has ‘deep structural problems.’
Fund up 12.5% from previous year.
Foundation attributes strong gains to active management.
Blames regents for ‘policy flip flop’ and ‘political gamesmanship.’
NEPC survey finds responders more optimistic about US economy despite political uncertainty.
Fund cited active management as major contributor to strong returns.
Searches for niche opportunities within emerging markets.
Smith’s lawyer says she’s a ‘fall girl,’ and calls the firing a ‘cowardly failure.’