Newsmakers
Broad Foundation Appoints Greg Outcalt as CIO
He succeeds Katharine Krieger as investment chief of the $2 billion foundation.
A new report projects endowment assets will grow 7.9% over the next five years, compared with 4.7% and 4.2%, respectively, for public and corporate defined benefit plans.
The school is shuttering its internal investment office and transferring its duties to management firm Investure.