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Stanford Posts 0.4% Decline In Year Of Losses At Top Endowments
Stanford University’s investments declined 0.4 percent for the year through June 30, a period when many of the richest and top-performing endowments struggled with volatile markets. Stanford’s fund rose in value by less than 1 percent to $22.4 billion as of Aug. 31, due to gifts and other funds transferred into the endowment, the school in a statement Wednesday on its website. Stanford’s fiscal year ends in August but the school provided a return through the period when most college ... Full investment news article
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Stanford Management Company,
DTE Energy Names CIO
DTE Energy has appointed alternatives specialist Angela Buk as its new investment chief, the utility firm announced Wednesday. Buk, who most recently led the alternative investments team in Fiat Chrysler Automobiles’ (FCA) treasury asset management group, replaces ex-CIO Paul Cavazos, who departed for outsourced-CIO American Beacon in June. Full investment news article
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American Beacon,