Public pension funds invested in malls, apartments and offices over the last decade in search of higher returns. Now they are grappling with how much those real-estate investments are worth in a world transformed by Covid-19.
Endowments across the country are beginning to report preliminary return information for the first quarter as the COVID-19 pandemic led to a precipitous market decline.
Institutional investors must lean on governance-best practices to avoid being victimized by a market crisis such as the current one brought on by COVID-19, according to a recent report.
A Midwestern university disclosed follow-on commitments to real estate, absolute return, venture capital and private equity investments at today’s board meeting.