University of Louisville Sues Former President over Endowment Losses
James Ramsey, four others are accused of enriching themselves while depleting the endowment.
James Ramsey, four others are accused of enriching themselves while depleting the endowment.
Referendum calls for social objectives to be factored into investment decisions.
Tracking portfolio reverses last year’s gains after surging in January.
CIO also made it clear there will be no new investments in oil and gas-related commodity funds.
NEPC survey finds geopolitical tension among biggest concerns.
Previous sponsor to provide complementary research.
Members of the class of 1969 want the $37.1 billion endowment to be more passive.
Dean says university will refrain from making long-term commitments due to 1.4% excise tax.
But 10-year average annual dips to 4.6%.
Recruiters say Pellegrino’s choice demonstrates a trend in more crossover CIO hires.
New 1.4% tax on private colleges’ investment income could be a ‘harbinger’ for non-profit entities.
Data shows Ivy League endowments are increasing their focus on private investments.
New standards could lead to divestment, but only ‘as a last resort.’