US Educational Endowments Return 8.2% in 2018
But long-term returns fall well below target rates for endowments of all sizes.
Tag: Endowments
Regulation
Duke Pays More than $10 Million to Settle Retirement Plan Lawsuits
The university allegedly violated ERISA with poor investments and unreasonable expenses.
Risk
UC Endowment Shifts Major Cash into Alts
The huge fund is targeting real estate, private equity, and hedge funds.
Risk
UC Regents Had a Bad Q4 Surprise, Losing $9 Billion
The late-year market slide happened quickly, CIO Bachher says.
Endowment Index Falls 9% in 2018
Recession fears, trade wars, rate hikes, and a strong dollar weigh down index.
The Secret of Smaller Endowments and Foundations’ Outperformance
Why their greater sensitivity to risk has served them well, a survey shows.
Research
Higher Education Endowments Underperform the Market
Study of more than 28,000 endowments says ‘wisdom’ of top universities is ‘a myth.’
Ivy League Endowments Lag 60-40 Portfolio
None of the elite universities’ endowments beat a 60-40 portfolio over the past decade.
Corporate Moves
Harvard Endowment Poaches Columbia COO Sanjeev Daga
Daga is reunited with Harvard Management Co. CEO Narv Narvekar.
Risk
University of Chicago Endowment Returns 8%
Reaches all-time high of $8.2 billion, but misses 8.3% median return among colleges and universities.
Risk
University of California’s Pensions, Endowments Drive Asset Outperformance
An 8.1% total return sees the institution’s asset growth beat most benchmarks.
Risk
Harvard ‘Not Pleased’ with 2018 Performance
CEO Narv Narvekar says it will be a few years before restructuring results will be seen.
Newsmakers
Britt Harris, Texas Endowment to Review Investments in ‘Scrutinized Entities’
Compliance procedures expanded to include companies at risk of being sanctioned by US.
Risk
Michigan Endowment Returns 10.7%
Board of regents approves new model portfolio for 2019 fiscal year.
Risk
Columbia Endowment Reports 9.0% Return for 2018
Investment gains were lowest among any Ivy League endowment.