Longtime investor Tony Waskiewicz explores why hedge fund investors have experienced much lower absolute returns since the Great Recession.
Fund misses benchmark by 1.6%, but reports substantial progress in international markets, liquidity, and stewardship.
End-of-year equities rally boosts returns for pension plan portfolios.
Plans returned 1% for quarter, 4.58% for year, says Wilshire Trust Universe Comparison Service.
Portfolios grow to $13.8 billion and $8.5 billion respectively.
Cornell endowment hits record $7.3 billion, Penn State tops $3.1 billion.
Endowments facing ‘economic headwinds’ in 2019.
His innovative approach to risk management leaves its mark: on his last day at the office before retiring, Ballard reflects on lessons learned at the $80 billion plan since 2003.
Fund reports ‘possible economic slowdown’ for 2020.