Enrique Chang, global cio of Janus Henderson Investors, stepped down as co-portfolio manager of its adaptive global allocation funds and related strategies on Jan. 28.
The returns for U.S. endowments dipped in 2019 but rose for the 10-year period ending June 30 as the remnants of the financial crisis continued to fade into the past, according to the 2019 NACUBO-TIAA Study of Endowments.