Nearly a decade after promising to withdraw millions in fossil fuel investments, the University of Massachusetts has stalled on its clean energy transition. What happened?
The foundation revised the joint investment policy statement for its more than $1 billion portfolio in August, lowering the target allocation ranges for domestic small-cap equity and other diversifying alternatives strategies.
Artificial intelligence investments and digital assets are driving outperformance for large university endowments, which reported fiscal year 2025 returns around 11% or 12% on average.
The community foundation hired a director of investment operations to develop and implement its investment operations framework in partnership with its general investment consultant.
The firm placed its investment in a domestic-large cap fund on watch in the third quarter due to performance concerns, while also removing two funds from watch status.
Citizens approved a constitutional amendment to create two funds in the state treasury to support land acquisition, infrastructure and equipment related to educational programs offered by the Texas State Technical College System during the Nov. 4 state elections.
The credit group of a global alternatives manager is acquiring the entire outstanding share capital of a systematic fixed-income manager in a deal expected to close in the first quarter.