Sustainability, diversity and inclusion and innovation are the three largest drivers for investment success moving forward, according to investment consultant NEPC.
New federal taxes levied on Harvard University, including on its $41 billion endowment endowment, will cost the Ivy League college $50 million, according to Harvard’s annual financial report released Thursday.
A college in the Northeast will begin the immediate phaseout of all current investments with fossil fuel-specific managers in its endowment and will exclude all future investments with fossil fuel-specific managers.
The National Association of College and University Business Officers (NACUBO) “is keenly focused on the importance of diversity in asset management positions, as well as diversity in the business officer profession as a whole,” according to a letter from President and CEO Susan Whealler Johnston in response to a letter from six members of Congress that requested the association take a closer look at diversity in endowment management.