T. Boone Pickens, an Oklahoma State University alum, has given the university a grant worth $100 million.
he University of Sydney’s endowment long-term fund is planning to invest in hedge funds for the first time
Sandra Robertson, head of Oxford University Endowment Management, which manages about GBP1 billion for the university, said that U.K. endowments should not try to copy the Yale University model.
Donations to U.S. colleges and universities dropped by 12% last year, the most in decades, according to the Voluntary Support of Education survey of 1,027 colleges, from the Council for Aid to Education.
Start-up hedge funds raised $15 billion last year, 36% less than the previous year, according to an AR magazine survey.
The Metropolitan Museum of Art was forced to reduce its staff by 14% during the year ending June, a period over which the museum’s portfolio declined 24% to $2.1 billion.
The Securities and Exchange Commission has reportedly requested information from Paulson & Co. as part of a review SEC Chairman Mary Schapiro is conducting regarding the purchase and securitization of pools of subprime mortgages.
The Burnham Institute For Medical Research has received $50 million in support of medical research from philanthropist T. Denny Sanford.
The University of Cincinnati’s endowment has lost 24% in the previous two years as of Nov. 30.
Community Capital Management has hired Kim Furnald as senior v.p. of institutional sales.
Deutsche Asset Management has created two independent investment boutiques.
The University of Miami has hired John Shipley as v.p. of finance and treasurer.
The foundation of the City College of San Francisco is seeking to gain full control over the school’s $19 million in assets.
Dartmouth College President Jim Yong Kim announced that staff would be cut to meet the school’s goal of reducing the budget by $100 million over the next two years.
Harvard Management Company has hired Neil Mason as its new chief risk officer.
Harvard University is one of 40 U.S. schools being audited by the Internal Revenue Service in a review of the tax-exempt status of non-profit organizations.
Harold Raveché, president of the Stevens Institute of Technology, has agreed to step down in a settlement that ends a lawsuit filed by the State of New Jersey, which called his $1.1 million salary into question.
Hedge funds lured $150 billion in capital from investors from January through September, with clients demanding more information about investments, a Barclays Capital report showed.
Ex-hedge fund manager, James Nicholson, has pleaded guilty to carrying out a $133 million Ponzi scheme.
The Peabody Essex Museum of Salem, Mass. has announced 16 layoffs after news of declines in its endowment and philanthropic giving.
Stanford University has withdrawn $5 billion of private partnership interests from auction, a move that reflects the potentially increasing value for the illiquid assets.
Clive Capital has closed its $3.98 billion commodities hedge fund to new investors.
The Museum of Modern Art has frozen pay and reduced benefits for staffers after investments valued at $788 million last year declined 17.6% during the fiscal year that ended in June.
Hedge fund billionaire John Paulson revealed his market outlook, exposing an interest in the credit market at a talk at New York’s Japan Society.
PIMCO has hired former Assistant Secretary of the Treasury Neel Kashkari, as a managing director and head of new investment initiatives.
Princeton University’s endowment increased its return on investment by 5% in the quarter ending on Sep. 30 and has continued gains since then.
K. Geert Rouwenhorst and Gary Gorton, Yale University research professors, are joining up with former UBS commodities trading head, Ashraf Rizvi, to launch a new investment firm.
The U.S. Department of Justice and Securities and Exchange Commission have subpoenaed the e-mails of former New Mexico State CIO Gary Bland, according to Bloomberg.
On Friday the Dean of Harvard University’s Faculty of Arts and Sciences, Michael Smith, announced his intention to reduce the number of professors at the school by an unspecified amount to help close the $110 million budget deficit, reports The Crimson.