Do Public Pensions Need A Shift In Investment Strategies?
Public employee pension funds, endowment funds and other nonprofit institutional investors in the U.S. have underperformed properly constructed, passively investable benchmarks by a wide margin since the global financial crisis of 2008.
Jeff Bezos Creates $2B Fund To Fight Homelessness
The Amazon CEO and his wife, MacKenzie, will commit $2 billion to fund existing nonprofits that help homeless families and to create a network of preschools in low-income communities. They call their project the "Bezos Day One Fund."
Boston College Endowment Shifts to Wall Street-Style Pay Packages
Boston College has implemented a performance-based compensation plan for its investment office, following the lead of other large university endowments with Wall Street-style pay packages.
The Obama Foundation Is AcceptingM In Corporate Donations, Even Though The President Spent Years Criticizing Them
<p>Former President Barack Obama once called Wall Street bankers "fat cats." Now his organization is accepting donations from them.</p>
<p>A list released Friday by the Obama Foundation, a nonprofit currently working on the presidential library ahead of its debut in Chicago in 2021, detailed recent contributors to the project. Some big names are among them, like John Doerr, who is a venture capitalist; Reid Hoffman, who founded LinkedIn; and Tom Campion, who cofounded Zumiez. Also included are the Microsoft Corporation and Exelon.</p>
Kentucky Pensions Could Face Insolvency in Five Years
Kentucky’s retirement system faces a funding shortfall across its pension systems of $33 billion, and could face insolvency in just five years, according to an audit report from the PFM Group....
Private Real Asset Funds On Par With ESG Investments
<p>Funds that invest in private real assets, such as timber, real estate, and infrastructure, can offer similar objectives and returns as environmental, social, and governance (ESG) investments, according to a report from nonprofit organization Global Impact Investing Network.</p>
Harvard Paid Former Endowment Chief Blyth $14.9M In 2015
Harvard University disclosed Friday that former investment chief Stephen Blyth received $14.9 million in 2015, making him one of at least three highly compensated employees at the endowment who have left the underperforming fund. Blyth, 49, ran Harvard Management Co., the university’s nonprofit investment arm, for about 18 months, before leaving last May for personal reasons. His pay, which includes salary and bonus, was larger than the $11.6 million median compensation in 2015 for a chief executive officer in an S&P 500 company, according to data compiled by Bloomberg.
A Nonprofit Set Up By A Hedge Fund Legend Is Tackling The No.1 Question For Corporate America
Just Capital is utilizing a seldom used tool to improve corporate behavior on issues like fair wages, environmental protection and discrimination: data.
What Is Going On At The Heritage Foundation?
Most of the time, a change of leadership at a nonprofit research organization wouldn’t merit saturation coverage in the national news media. Not so with the Heritage Foundation, the mammoth conservative think tank that in recent days has been covered about as assiduously as the crisis on the Korean peninsula, with major stories in Politico, the Atlantic, and the Washington Examiner just this week. Why all the attention?
A Nonprofit Set Up By A Hedge Fund Legend Is Tackling The No.1 Question For Corporate America
Just Capital is utilizing a seldom used tool to improve corporate behavior on issues like fair wages, environmental protection and discrimination