A Northwestern pension plan hired an absolute return bond manager to replace its terminated mandate with hedge fund-of-funds manager Castine Capital Management at yesterday’s board meeting.
Ms. Flournoy served as Under Secretary of Defense for Policy in the Obama Administration and as Deputy Assistant Secretary of Defense for Strategy in the Clinton Administration.
Three senior investment professionals have spun out of a Southern endowment to create a new private markets platform supporting new and developing investment managers.
A university based on the West Coast is looking to commit $3 billion to private equity across its portfolios in 2021 as it looks to reach its target allocations to the asset class in the next five years.
A fund based in the South will receive educations on two potential new asset classes at its next board meeting in the second quarter from its general investment consultant.
A university in New England has reduced its overall exposure to fossil fuels to less than 2% of its endowment as part of its initiative to transition its portfolio to net-zero greenhouse gas (GHG) emissions by 2050.
A university in the South increased its domestic equity target last year at the expense of its international equity, absolute return and long/short allocations.