Asset Management Culture
Former FEG Chief Executive Scott Harsh Takes Consulting Job at NEPC
He’s coming out of retirement to help the firm expand its presence in the Southeast and Midwest.
Tag: Endowments
Asset Management Culture
Penn, Cornell Lag Behind Other Ivy League Endowments
The Pennsylvania and New York schools returned 3.4% and 1.9%, respectively, in 2020.
Asset Management Culture
Harvard Spins Off Natural Resources Team
Solum Partners will be led by former Harvard Management Company division chief Colin Butterfield.
Market Moves
Brown’s Endowment Is Killing It
Portfolio returns over 12% for fourth straight year. Dartmouth’s earns 7.6% in 2020.
Asset Allocation
Yale Endowment Returns 6.8%, Duke’s Shrinks by $100 Million
The Ivy school again produces strong returns, as the North Carolina university’s long-term pool gains only 0.7%.
Asset Management Culture
Harvard’s Endowment Returns 7.3% for the 2020 Fiscal Year
The university cautioned the strong returns may not be enough to blunt the financial impact of the pandemic.
Asset Allocation
Texas, MIT Endowments See Strong Gains; Illinois, Missouri Post Weak Returns
Texas, MIT return 9.5% and 8.3%, respectively, while Illinois loses 2.5% and Missouri gains 1.15%.
Pensions
Public Funds Lead Institutional Investment Rebound
Funds with significant exposure to equities outperformed during the second quarter.
Asset Allocation
Study: Endowments Have Underperformed Passive Portfolios for 58 Years
New research finds a 60/40 passive benchmark has outperformed the average endowment over nearly six decades.
Research
Increased Investor Risk Appetite Spurs Endowment Index Q2 Rebound
Index jumps 15.40% after plunging more than 20% during the first quarter.
Should Universities Spend More From Their Endowments?
It’s the first question during a crisis. Given unprecedented disruption, some schools are starting to increase payouts from their troves.
Asset Allocation
Endowments Should Abandon Alts for Passive Investments, Report Says
Research shows that alternatives have become ‘serious drag’ on institutional fund performance.
Coronavirus - COVID-19
Endowments Weather Pandemic Better Than in Great Recession
Larger endowments outperform smaller ones due to less US equity exposure.
Asset Management Culture
Harvard Forecasts Big COVID-19-Related Losses and Enters Cost-Saving Mode
University projects a $750 million revenue shortfall in FY21 in light of the economic fallout of the coronavirus.
Risk
University of Texas Endowment Oil Money In Jeopardy
Top official of university organization that manages mineral rights for the endowment calls for Texas oil production cuts.