The New York State Common Retirement Fund’s estimated return in the third quarter of the State Fiscal Year 2019-20 was 5.28% for the three-month period ending Dec. 31, 2019, with an estimated value of $225.9 billion, according to New York State Comptroller Thomas P. DiNapoli.
Colleges and universities generally aren’t happy about the endowment tax, but many are paying less than the tens of millions of dollars reported by the country’s wealthiest universities, a review finds.
Fund VI was oversubscribed and closed at its hard cap with significant upsizing by existing investors and by adding several new institutional investors.
The Education Department opened investigations into Harvard and Yale as part of a continuing review that has found U.S. universities failed to report at least $6.5 billion in foreign funding from countries such as China and Saudi Arabia, according to department materials viewed by The Wall Street Journal.
It may come as something of a surprise to investors who have been piling money into the plethora of ESG-based ETFs that have been launched in the past couple of years, but there is a problem with passives and the climate crisis.
Battery Ventures, a global, technology-focused investment firm, has closed two new funds worth a combined $2 billion to continue backing innovative technology companies worldwide in a variety of sectors.
KKR today announced the final closing of KKR Global Impact Fund SCSp, a $1.3 billion fund dedicated to investment opportunities in companies whose core business models provide commercial solutions to an environmental or social challenge.
Stanford University faces as much as $43 million in taxes under a new levy on college endowments included in President Donald Trump’s tax overhaul, the first time private colleges will pay such a fee.