The COVID-19 pandemic has not slowed down meetings despite the majority of asset managers not expecting to reopen offices until 2021 as firms continue to adapt to a virtual work-from-home environment, according to a new survey.
Immediate stresses brought on by COVID-19 challenged colleges and universities and made them realize the potential impact on their operations and liquidity longer-term, according to new research.
Larger endowments and foundations with greater than $1 billion in assets are enjoying better returns in aggregate than smaller institutions with less than $1 billion in assets as new research finds they can be attributed to a mix of asset allocation and manager selection decisions.
Foundations and endowments’ investment returns, primarily driven by the equity markets, rebounded in the second quarter but still lagged other institutional investors.
Sovereign wealth funds and family office investors are the institutions most likely to terminate external asset managers where 2020 performance represents a significant contributing factor to the decision.