The Harvard University endowment has lost a foreign exchange trader from the group originally started by former endowment chief Mohamed El-Erian.
Putnam Investments has hired Van Harlow as director of investment retirement solutions to develop a new set of products and services geared achieving investment goal with less volatility.
Hedge fund manager and WG Trading Co. General Partner Paul Greenwood pleaded guilty to six federal charges, including conspiracy and securities fraud.
Citigroup announced plans to sell its private equity units and the management of some funds to two private equity firms.
The Eurekahedge Hedge Fund Index dropped 0.5% in June and fell 0.02% in the first half of 2010. More than 500 funds started during that period.
The boards of directors of Aon Corp. and Hewitt Associates voted to merge the consultancies, with plans to fuse Hewitt with Aon Consulting.
Billionaire Nelson Peltz, head of hedge fund Trian Fund Management, is hoping to raise $1.5 billion for a fund geared at purchasing minority stakes in public companies.
John Ho, ex-Asia head of the Children’s Investment Fund Management UK, has raised more than $100 million for his own hedge fund, which wagers on rising and falling regional stocks.
A tobacco settlement of $264 million in cash is now in the hands of Ohio’s highest court as officials debate if the money will go to anti-smoking efforts, as planned, or to aid the budget.
Pacific Alternative Management Company has elevated Mayer Cherem, Maarten Nederlof, Neale Safaty and Kevin Williams to partners.
Private equity fund raising has reached its lowest point since 2003 largely due to buyout firms tabling or postponing plans to raise new funds.
Harvard Medical School has secured $36 million in funding from the city’s major teaching hospitals over a three year period.
The NCAA is considering using part of its $180 million endowment fund to help member schools fund athletic departments.
Cities and towns with large universities are complaining that the educational institutions don’t contribute enough money because they save money on property taxes due to their tax exempt status.
Private equity and venture capital funds closed 2009, with each asset class earning positive returns for the third straight quarter, one of the best since 2007, according to data from Cambridge Associates.
Warren Buffett and Bill Gates are on a mission to get their fellow billionaires to commit at least 50% of their wealth to charity.
Ex-Citigroup energy trader Andrew Hall has raised $1.08 billion for an offshore commodities hedge fund.
TIAA-CREF has appointed Edward Van Dolsen as chief operating officer.
Former Harvard University quarterback and ICP Co-Owner Thomas Priore is the subject of a Securities and Exchange Commission investigation surrounding CDO investments.
Gregg Weinstein, formerly head of risk management for Goldman Sachs Asset Management, is launching event driven hedge fund at his new firm, RocWood Capital Management.
James Wood, president and ceo of the J. Paul Getty Trust, has died unexpectedly of natural causes.
The University of Michigan preparing to reduce its yearly endowment distribution rate from 5% to 4.5% for its roughly $6 billion endowment.
A committee of trustees at Stanford University met last week to consider new proxy voting guideline for investments that would back shareholders’ efforts to make companies accountable for the source of their minerals.
Wesleyan University endowment has tapped Anne Martin to be its next cio.
Three Citadel veterans have joined forces to roll out a computer-driven trading hedge fund firm Headlands Technologies.
Harvard University endowment manager, Stan Zuzic, has stepped down.
Little Rock, Ark.-based Heifer Foundation has appointed Domingo Barrios as its new president and ceo.
SAC Capital Advisors has hired Anil Stevens to run a new unit that will trade financial companies.
Angelo Gordon & Co. has named J. Wayne Merck as a senior advisor within the private equity group.
Uncertainty surrounding the future of the European economies is the driving force behind market volatility, according to BlackRock Vice Chairman Bob Doll.
The U.S. House of Representatives passed a bill last week that would end a tax break for executives of investment funds.
The University of New Mexico Foundation has tapped Henry Nemcik as its next president and ceo.
David Swensen, cio of Yale University’s endowment, was paid $3.7 million in 2008.
The risk appetite of major New England colleges led to losses and hurt local communities, according to a new report from Tellus Institute.
Harvard Management Company has its largest equity holding in a China exchange traded fund.
Lilly Endowment’s assets dropped 7% to $5.3 billion at the end of 2009, partially due to a large investment in the stock of Eli Lilly & Co.
Harvard University endowment Chief Jane Mendillo has sent a letter to alumni, containing her salary and plans to pay senior managers according to their performance.
Cornell University is working on borrowing $285 million, with part of the money going toward paying off outstanding swaps.
Franklin Templeton Real Estate Advisors has tapped Julie Rost as v.p. of private real estate, based in Rancho Cordova, California.
Venture capital performance improved for the quarter and year but dropped for five- and 10-year outlooks, according to the Cambridge Associates U.S. Venture Capital Index.
The head of Cornell University’s endowment will soon join the ranks of former university investment chiefs entering the hedge fund space.
Michigan State University plans to make new bets in the derivatives market despite ongoing efforts to unwind existing interest-rate swaps tied to its debt.
Richard Lariviere, the president of the University of Oregon, plans to propose a new endowment before the Oregon Legislature next year.
Stanford University has less capital committed to venture capital than five years ago but it is still looking for investments in the space.
The University of Wyoming saw its endowment growth in worth by 22% last year, to $253.3 million.
Alcoa has hired Paula Davis to be its next president of the Alcoa Foundation.
A recent study from the Congressional Budget Office reveals that many colleges are turning profits by unloading tax-exempt bonds for capital projects, instead of spending donor funds.
LBJ Foundation Chairman Tom Johnson is resigning and will be succeeded by President Larry Temple.
A number of large American universities have benefited from investing in expenditures, such as new stadiums, moves that sheltered their endowments from heavily investment losses sustained by many during the recession.
Western Kentucky University’s endowment has surpassed the level it was at before the economic crisis.
Baylor University has tapped R. Brian Webb, managing director at UBS Global Asset Management in Dallas and chief of UBS AgriVest, to be its next cio.
A Senate subcommittee has released emails from Goldman Sachs acknowledging that a large trade in mortgage-backed securities would be profitable for the bank, but bad for Harvard University.
The Metropolitan Opera last year moved money in its endowment from restricted to unrestricted accounts—with donor consent—to cover operating costs.
Former state Senator and current State Investment Council member Leonard Rawson has voiced concerns over the state’s practice of extending interest-free loans to produce films in New Mexico.
The Securities and Exchange Commission has a new enforcement unit reviewing the practice of hedge funds allegedly misusing side pockets to prevent redemptions.
The Cleveland Foundation has hired Kate Asbeck as cfo. She most recently worked as senior v.p. of finance at Corning.