Blackstone and some of its managers returned about $3 million in carried interest to investors in Blackstone Real Estate Partners International during the second quarter, marking the firm’s first clawback.
Everstone Capital Management, the fund adviser founded by two ex-Goldman Sachs executives, may raise up to $350 million for a new fund that would invest in warehouses in India.
The former investment chief of Cornell University received a bonus last year that nearly matched his salary and benefits, despite an endowment loss of about 26%.
Former Wesleyan University CIO Thomas Kannam was sued by the state of Connecticut for allegedly using endowment assets to benefit private investment groups with which he had ties.
Harvard Management Company is continuing to commit funds to emerging markets ETFs, according to its latest filing with the Securities and Exchange Commission.
West Virginia University Foundation has appointed Richard Kraich as its v.p. and cio.
The man that helped Paulson & Co. earn $3 billion from bets on the housing market’s demise is closing his master fund after a rocky year.
The $35 million Community Foundation Serving Boulder County is looking for a local investment management firm to handle $17 million.
Calvert Foundation President and CEO Shari Berenbach announced she is leaving the foundation.
Stanley Druckenmiller is calling it quits after about 30 years in the business and is retiring.
The Bill and Melinda Gates Foundation purchased 500,000 shares in Goldman Sachs during the quarter ending June 30.
Harvard Management Company announced that it has not changed its position on investing in Israel, as some had speculated there was a divestment play following the release of a recent Securities and Exchange Commission filing that showed sales of securities.
New Mexico state legislators are debating whether to consolidate investment work performed by handful of government agencies overseeing pension and endowment assets.
Private equity firm Apollo Management has shut its London-based metals hedge fund.
Montana State University Foundation is searching for a new president and ceo following the departure of Connie Carmack.
Providence Equity Partners is seeking up to $8 billion to invest in leveraged buyouts.
China Investment Corporation is going after Harvard University’s stakes in a number of U.S.-focused property funds for a reported $500 million.
The Gordon and Betty Moore Foundation has appointed Felicia Chiu as director of public equities and fixed income portfolio.
New Mexico’s permanent endowment trust funds suffered in the second quarter, when during March and June the funds posted losses of nearly $750 million.
Stanford Management will reportedly soon appoint Ken Frier as cio.
The Investment Fund for Foundations has selected Laurence Lebowitz to be its next president and cio.
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.