Private equity had a good year, but individual selections of stocks and other assets hobbled overall showing, report says.
Asset Management Culture
The university made sweeping commitments to sustainability, including a carbon neutral pledge for 2050 and the appointment of a chief climate officer.
The Jesuit school said it will get rid of energy stocks over 10 years.
They usually aren’t wealthy enough to land high-powered private equity or hedge fund investments. So they turn elsewhere.
But study also finds divestment has no adverse effects on university portfolios.
Opponents call the ruling ‘deeply worrying’ for the future of the country’s higher education institutions.