The Alberta Investment Management Corporation (AIMCo) today announced that it has further expanded its global footprint by opening an office in New York.
The Harvard Management Company increased its direct holdings of Alphabet and Meta and continued its major sell off of biopharma holdings — which now make up less than 1 percent of the portfolio — during the last three months of 2023.
WHQR’s Ben Schachtman sits down with The Assembly’s Johanna Still to talk about a surprising exit from the president of the New Hanover Community Endowment, the Endowment’s silence, and what’s behind it.
The company has withdrawn nearly $40 million in additional funds from its endowment to cover expenses, but sees signs it may be emerging from its post-pandemic woes.
On Monday, Tennessee Attorney General Jonathan Skrmetti filed the first-of-its-kind consumer protection lawsuit against the world’s largest asset manager, BlackRock Inc. Tennessee’s complaint alleges that Blackrock made false or misleading representations to current and potential Tennessee consumers about the extent to which Environmental, Social, and Governance (ESG) considerations affect BlackRock’s investment strategies,
A group of local college students, along with a handful of Massachusetts lawmakers, are advocating to tax nearly a dozen elite Massachusetts colleges and universities, whose multibillion-dollar endowments they say should fund early and higher education opportunities for students beyond these campuses.
A retired state employee is suing Oklahoma’s treasurer, arguing that his enforcement of a new law is harming his pension.
Former Oklahoma Public Employee Association President Don Keenan filed the lawsuit in Oklahoma County District Court on Monday. It seeks to stop a law prohibiting the state from doing business with companies believed to be hostile to the oil and gas industry. Keenan’s lawsuit asks the court to find Oklahoma’s Energy Discrimination Elimination Act unconstitutional.
The head of the second-largest US university endowment is pouring cold water on one of Wall Street’s hottest markets: private credit. Rich Hall, who took over as chief executive officer of the University of Texas/Texas A&M Investment Management Company in July, said leverage in private credit makes it too risky to boost allocations, even as other endowments and pension funds have been funneling money into what’s now a $1.6 trillion global market.
Andy Golden, president of the Princeton University Investment Company (Princo), found his fountain of youth in a bottle of beer – when serving it rather than consuming its contents. The 64-year-old looked particularly relaxed, joyful, and youthful when he recently fulfilled drink orders as the guest bartender for a Housing Initiatives of Princeton (HIP) fundraiser at the Ivy Inn on Nassau Street.
Jacky Shen suspects he was the oldest intern Simon Fraser University’s treasury department ever had.
It was 2007, he was in his early 40s, had just arrived in Canada with his family and was studying for a master’s degree in the university’s wealth management program. As an intern, Shen — now the university’s treasurer and director of investment — joined a department responsible for investing several endowment funds, trusts and pension plans that now have net assets of $1.1 billion.