A foundation based in a Western state will lease its steam plant and utility system as part of a public-private partnership and invest a sizeable portion of the deal’s proceeds.
A lawsuit against a Western university foundation alleging a breach of fiduciary duty for underperforming the Standard & Poor’s 500 Index fund for a decade was “dismissed with prejudice” late last month.
A university in New York hired two investment analysts to help with the oversight and management of its endowment this summer to wrap up its search from 2019.