Last month, climate change protesters stormed the field at the annual football game between Harvard and Yale Universities, delaying play for nearly an hour.
“Home bias” is one of the great money management foibles, but don’t tell that to U.S. investors. They have been favoring their domestic stock market and loving it.
Regulators and investors are focusing more attention on how private-equity firms value the assets they own, making the valuation process both more complicated and costly.
A former investment manager alleges in a whistleblower complaint to the Internal Revenue Service that the Church of Jesus Christ of Latter-day Saints has amassed about $100 billion in accounts intended for charitable purposes, according to a copy of the complaint obtained by The Washington Post.
The University of Missouri and Hillsdale College have agreed to settle Hillsdale’s lawsuit against the university. As part of the settlement, the institutions will split the endowment, currently valued at approximately $9.2 million.
Many investment firms have been touting new products as socially responsible. Now, regulators are scrutinizing some funds in an attempt to determine whether those claims are at odds with reality.
U.S. institutional investors are consolidating their manager rosters in more commoditized, efficient markets strategies. As they reduce spending on this portion of their portfolio, they simultaneously increase spending on esoteric products that are more apt to attract excess returns.