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The Endowment Index, calculated by Nasdaq OMX, underperformed a global portfolio of 60% stocks and 40% bonds, which fell 12.64% over the same period.
The foundation added three new private equity managers to its portfolio in the second quarter as part of the build-out of its alternatives portfolio.
Investment committees should enlist a sustainability specialist to provide expertise and open a dialogue between committee members.
The university expects to reissue its RFP seeking an investment advisor for its endowment next month after canceling the search in the second quarter due to a change in requirements.
The institution elected nine full-term members and three life members to its board of trustees.
Organization consolidated its real assets portfolio with one new manger through the termination of a real assets and real estate manager.
The university has submitted a letter endorsing a proposed new environmental disclosure rule that aims to categorize certain types of ESG strategies broadly and require funds and advisers to provide more specific disclosures.
The firm has partnered with a female-led registered investment adviser to solidify its dedication to supporting and promoting women in the industry, while building upon its growth.
The college hired a new v.p. for administration and finance and cfo at the end of June as its previous finance head was set to retire.
The college hired a v.p. of finance and cfo to oversee its finances and endowment last month following a search from the first quarter.