A longtime multimillion-dollar donor to the University of Colorado Foundation says the foundation invested its funds so poorly over the past decade that it’s shorted itself and the university.
The private equity secondaries market is seeing a sharp uptick in first-time allocations, according to a leading investment consultant, marking a sea change in fortunes for a once unloved asset class.
Instead of investing in American companies, Investment Officers like Yu Ben Meng were investing pension funds in Chinese Communist Party high-tech companies.
Fiscal 2021 was a record year for the Massachusetts state pension fund, which closed the one-year period ending June 30 with the highest return in its history and invested assets that swelled to a record $95.7 billion.
Cetera announced today that Brumbaugh Wealth Management, a Pennsylvania-based wealth management firm with more than $300 million in assets under management, is affiliating with Cetera Advisor Networks through a relationship with AdvisorNet Financial.