Endowments

  • Study: Investors Have Faith in Hedge Funds, but are Wary of Fees

    May 22, 2013

    A new study from the Alternative Investment Management Association says institutional investors want to put more money into hedge funds, despite recent modest performance, but they don't want to pay too much.

  • Shades of Hedge Fund Mediocrity

    March 04, 2013

    Returns expectations have ebbed since the glory days, partly due to institutions’ quest for the Goldilocks of investments.

  • Funds for All Seasons

    September 04, 2012

  • Leaving the Crimson Nest, One at a Time

    March 01, 2012

  • Small is Beautiful

    December 09, 2011

    CIO Peter Gilbert finds a $1 billion endowment can exploit opportunities denied to bigger funds, such as his former employer, the Pennsylvania State Employees’ Retirement System.

  • Doing well to do good

    September 01, 2011

    Ascension Health’s Josh Kaplan is redesigning the portfolio to look at varying economic environments, which is giving more exposure to hedge funds

  • Why things fell apart

    November 01, 2010

    The Commonfund’s Lyn Hutton says chasing returns & an overreliance on diversification led investors into the abyss.

  • Mike Powell lays out the USS approach

    July 01, 2010

    The U.K.'s second-largest private sector pension fund makes a big bet.

  • University of Arizona: Trailblazer in balancing risk

    August 24, 2009

    The University of Arizona has ditched traditional asset allocation in favor of a system that gives it more leeway to invest in hedge funds.

  • David Russ Departs Dartmouth

    June 03, 2009

    Former CIO of Dartmouth College brings pension and endowment expertise to Credit Suisse.

  • The Hurdle Is High at Victoria University

    May 18, 2009

    Finance director Anthony Lennie will remember 2008 as the year hedge funds passed muster.

  • In Pursuit of Endowment-Style Investing

    April 17, 2009

    Michael Hennessy discusses the endowment model and the future of alternative investing.

  • Stuck on Chocolate and Addicted to Coke

    February 24, 2009

    The W.K. Kellogg Foundation isn't the only charitable organization addicted to one stock.

  • Some Diversification with That Cereal

    February 24, 2009

    To balance a portfolio skewed heavily toward Frosted Flakes and Rise Krispies, Kellogg Foundation CIO Paul Lawler has taken 35 percent of assets and put them in a portfolio filled with hedge funds and other alternatives. Lawler has seen the value of the foundation's assets decline under his care. At the end of January, it had $6.4 billion, almost 24 percent below its high-water mark.

  • Return of the Native

    January 23, 2009

    Britt Harris comes back to Texas to revive Teacher Retirement System in Austin.

  • Fast Lessons For Hard Times

    October 24, 2008

    Andre Perold sees a teachable lesson in risk management during credit meltdown.


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