With its investment portfolio benefiting from a strong performance distributed access asset classes, Brown University’s endowment significantly outperformed its benchmarks with a 12.4% return during Fiscal Year 2019.
The endowment’s value was $40.9 billion as of this past June 30, the end of fiscal year 2019—an increase of $1.7 billion (4.3 percent) from $39.2 billion a year earlier.
PSERS, the giant teachers pension fund, still has no plans to break out profits shared with private firms, though it will release totals for last year at next month’s board meeting.
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other big investors.
The Ohio Public Employees Retirement System may look to slash future benefits to overcome the largest unfunded liability that the system has ever faced.