Private Equity
3 min read · 28 January 2013
3 min read · 28 January 2013
A new study reported that the average U.S. university endowment lost 0.3 percent in fiscal 2012, which ended on June 30th, a huge contrast with 2011 when the average endowment gained 19.2 percent. Not only did the average endowment lose money, but it markedly trailed the S&P 500 stock index, which returned 5.5 percent for the year, including dividends.
2 min read · 12 November 2012
Kristin Gilbertson, the long-time chief investment officer for the University of Pennsylvania’s $6.8 billion endowment, has stepped down, the university confirmed. She headed Penn’s endowment office since August 2004.
2 min read · 16 October 2012
Private equity didn’t rescue the nation’s biggest university endowments, most of which underperformed common benchmarks such as the Standard & Poor’s 500-stock index in fiscal 2012, which ended on June 30. Most universities blamed lackluster performance on overseas stock markets, with yardsticks such as the MSCI World Index falling 14 percent in fiscal 2012.
3 min read · 15 October 2012
2 min read · 25 May 2012
1 min read · 22 May 2012
4 min read · 13 February 2012
2 min read · 04 February 2011
2 min read · 06 September 2010
