In The News
As pressure builds on philanthropy to respond to the disastrous social and economic effects wrought by COVID-19, the Wallace Global Fund is calling on philanthropic foundations to significantly increase their grantmaking beyond the 5% required by law.
Corporate, public, and university funds lost a median 7.23% in the first quarter from falling equities, BNY Mellon says.
Firm with heavy mall presence looks to invest in companies hit by the coronavirus crisis.
CalSTRS Chief Investment Officer Christopher Ailman talks about the long-term stability of the portfolio despite recent volatility.
Dedicated industrial decarbonization fund will pursue Ara Partners’ growth strategy.
Jupiter fails to nab £70m mandate despite poaching former manager Mark Nichols.
Hawaii owes billions to its state retirement system. The coronavirus pandemic could make repaying those funds even harder.
The Alberta Investment Management Corporation (AIMCo) — the province’s government-owned pension management fund — confirmed Thursday in a letter from the pension manager’s CEO that losses from a bet on market volatility have led to a loss of $2.1 billion.
The economic devastation from the coronavirus pandemic already is estimated to top $1.7 billion at the Big Ten universities, which include some of the nation’s leading public research institutions.
The Treasury secretary ordered elite schools with “significant endowments” to return loans intended to help small businesses pay employees during the coronavirus pandemic. Some are resisting.