Newsmakers
Jon-Michael Consalvo Appointed CIO of Carnegie Corp. of New York
The 2022 CIO NextGen will begin the new role on March 1.
Tag: Endowments
Asset Allocation
US College Endowments Gained 7.7% in Fiscal 2023, but Suffered From Weak Alternatives Returns
Equities drove gains, while alternative returns were mostly flat.
Asset Allocation
HBCUs Seek Opportunities to Bolster Endowments, per PGIM Report
A study by PGIM and the United Negro College Fund suggested that historically Black institutions could pool endowments to access more investment opportunities.
Asset Allocation
Public Equities Drove University Endowment Returns in 2023
Alternative-heavy portfolios floundered last year, according to data tracked by NEPC.
Asset Allocation
Texas Constitutional Amendment Creates Endowment Fund for Newer Universities
A separate proposition enabling a cost-of-living increase to pensions for retired teachers was also approved.
Newsmakers
Princeton Names Vincent Tuohey Next Endowment President
Tuohey will take over at PRINCO when Andrew Golden retires next year.
Asset Allocation
Princeton Endowment Declines 1.7% in Fiscal 2023
Ivy League endowments trended weaker in the year that ended June 30, but Princeton is the first institution to report a result in the red.
Asset Allocation
4 Ivy League Institutions Release Fiscal 2023 Endowment Results
Brown, Columbia, Dartmouth and Penn all improved their returns from 2022 but alternative investments dragged down returns.
Asset Allocation
Academic Endowments Post Sluggish Returns for Fiscal 2023
Yale, Stanford, Bowdoin and Duke's funds trail previous showings amid a rough year.
Asset Allocation
MPI: Venture Capital, Technology Investments Will Define 2023 University Endowment Returns
As data are released about endowment returns in fiscal 2023, funds in the Ivy League and at Stanford are expected to have underperformed the markets, according to Markov Processes International.
Asset Allocation
MIT Endowment Return Dips 2.9% in Fiscal 2023
Although the endowment posted negative returns for a second year in a row, the funded status of its defined benefit pension plan improved.
Newsmakers
2023 Asset Owner Industry Innovation Award Finalists Announced
On December 5, CIO will recognize the allocators driving change and enhancing performance in institutional investing.
Pensions
University of Virginia Endowment Return Misses Benchmark by 10.3 Percentage Points
According to UVIMCO, its developed market managers ‘were not able to fully capture the strong gains seen in domestic equities.’
Asset Allocation
Idaho Endowment Board Reports 10.9% Return for Fiscal 2023
The state’s Land Board will distribute a record $103.2 million to beneficiaries in fiscal 2025.
Manager Selection
MetLife CIO Steven Goulart to Retire in August
The firm has a mandatory age-65 retirement policy, although it has been waived in the past; several corresponding promotions were also announced.