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Southern Trust Approves Searches To Replace Two Managers
The fund approved conducting a search for a U.S. small-cap value equity manager and an international growth equity manager to replace two existing firms within its portfolio due to a decline in strategy assets.
08.26.26
Northeast 457 Plan To Issue Fixed-Income RFP
The deferred compensation plan also hired a new target date fund provider at a meeting today.
08.28.26
Pacific Northwest Pension Slates Private Markets Commitments
The plan’s investment committee also approved reallocating assets from a Japan equity portfolio at a meeting yesterday.
08.28.26
West Coast Pension Hires Maiden High-Yield Bond Manager
The hire follows the creation of a 7.5% target to the asset class earlier this year.
08.28.26
Illinois Pension Taps Next Executive Director
The plan also approved $320 million in alternatives investments at this week’s meetings.
08.28.26
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Texas Hoses Plan Swaps Smid-Cap Managers
The plan’s incumbent domestic small- to mid-cap core equity manager had been gradually underperforming the benchmark.
08.28.26
Southwest Retirement Plan Makes Mid-Cap Hire
The hire concludes a replacement search conducted by the retirement system’s general investment consultant in February.
08.28.26
In The News
The Struggling Colleges Raiding Their Endowments to Pay the Bills
It’s the last resort for institutions on the brink: tapping restricted funds from donors to keep the lights on. ‘The money they donated is not being used for what they gave it for.’
University Endowments Are About to Strike It Big on the SpaceX IPO
SpaceX is among the most widely held investments across colleges and universities, endowment executives say, likely making the rocket company’s coming IPO one of the great windfalls for American endowments.
Princeton spared from endowment tax, PRINCO executive says, saving hundreds of millions
Princeton will not have to pay any net investment income tax on returns from its $36.4 billion endowment, a University investment official said at a private event in January, after a recent expansion of its undergraduate financial aid program left the University below a 3,000 tuition-paying student threshold to qualify for taxation.
Yale Endowment, Managing $44 Billion, Eyes Korean Stocks Amid 'Value-Up' Push
Officials from Yale University’s endowment, which manages over 65 trillion won ($44 billion) in assets, are set to visit Korea to discuss investments with domestic asset managers. As expectations for a re-rating of Korean equities grow on the back of the government’s corporate value-up initiative and expanding shareholder returns, even global university endowments are now scouting investment opportunities in the country.