A Northwestern pension plan hired a domestic small-cap value equity manager to replace its terminated mandate with Frontegra Asset Management at yesterday’s board meeting.
Endowments typically invest countercyclically by decreasing active risky allocations during the run-up to a crisis, such as the Global Financial Crisis, and then increasing these allocations as risky asset prices fall following the start of a crisis, new research shows.
Private and community foundations posted their best returns of the decade in 2019, a year in which “just about everything worked,” according to a new study.