Markets are due for a correction in 2026 after three consecutive years of double-digit returns on most indexes, with a new study finding many institutions are favoring active strategies.
Jones joined the $79.2 billion Teachers’ Retirement System of Illinois as its deputy cio in 2023 following a tenure at general investment consultant Meketa Investment Group as a managing principal and consultant.
Wallace reflects on the lessons of rebalancing the portfolio amidst collapsing markets during March 2020, the challenge of scaling alternative strategies at $50 billion, and why the rise of passive investing may paradoxically create opportunities for fundamental investors. He draws on wisdom from his mentor David Swensen’s emphasis on first-principles thinking, the importance of relationships as well as rigorous quantitative work, and the courage required to stand alone when your analysis demands it.
Philanthropist MacKenzie Scott has donated more than $590 million to at least 14 historically Black colleges and universities this year to grow their endowments.
Momentum surrounding environmental, social and governance efforts has slowed in the last two years among managers providing data to a recent study from an investment consulting firm.