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.
The institution hired a managing director, head of corporate development to lead its strategy for engaging and integrating investment advisory teams.
The hire for the newly created executive role will oversee the foundation’s mission investments.
The university has more than tripled its investment in a bitcoin exchange traded fund within its endowment in recent months.
The foundation is searching for investment analysts to focus on public equity and private investments within its investment portfolio.
The system is searching for a senior investment analyst to support efforts related to its public market portfolios, which includes global equities, fixed-income and liquid alternatives.
The endowment was slated to consider issuing separate RFPs for infrastructure strategies and private equity strategies at this month’s board meeting.
The institution is seeking an investment operations professional to help ensure alignment of operational policies, controls, processes and procedures.
The firm also surpasses $1.75 billion in regulatory assets under management.