In The News
The internet’s most profitable business model has always been simple: running search ads on monetizable queries. When you search “how many protons are in a cesium atom,” Google makes no money. When you search “best tennis racket,” it prints cash.
This asymmetry defines the entire search economy–some queries are pure curiosity, and others have direct purchase intent. It’s part of why Google (where people often search for products) is a $2T company and Wikipedia (where people search for knowledge or fun facts) is a non-profit.
The noted author, consultant, and academic on the virtues of simplicity, the challenges facing active managers, and why he would stay away from investing in private capital.
Emory University is anticipating a multimillion-dollar increase to its tax bill this year, which could mean less money for research and student scholarships.
Just over a week ago, Pennsylvania-headquartered SEI purchased a majority stake in Stratos Wealth Holdings for $527 million. FWR asked SEI’s CEO and other senior figures about the reasons for the deal, the outlook for wealth advisory, and more.
Columbia will likely avoid the 1.4 percent endowment tax that it could have been subject to under the newly reformed endowment tax tier system introduced in President Donald Trump’s tax and spending bill.
In an attempt to fortify New Mexico’s pipeline for nurses, teachers and social workers, state lawmakers appropriated $170 million over a recent three-year period to expand higher education faculty endowments. But some of that money has not been used as intended and delays in implementation have blunted its intended impact, according to a new legislative report released Thursday.
Former Western Asset Management co-CIO Ken Leech appeared in federal court on Monday, where he pled not guilty to charges stemming from a $600m fraud case alleging that he ‘cherry picked’ trades for favored clients over several years.
According to Patrick Decker, head of institutional OCIO at Wilmington Trust, nonprofits are increasingly turning to this model for professional investment and governance management. Decker makes a case that this model is a great way for foundations to reassess strategic plans, endowment strategies and fundraising goals during times of financial stress.
City Controller Chris Hollins wants any investigation into his office’s fundraising practices to extend to the Mayor’s State of the City event, he said in a letter to the Office of Inspector General and City Council Ethics Committee.
Wilson, who oversees the St. Louis-based university’s approximatley $2.5 billion endowment, speaks about managing the portfolio in today’s market.