U.S. college endowments rebounded in fiscal 2017 from their worst annual decline since the 2009 recession, fueled by a stock market rally that accelerated after Donald Trump’s surprise victory.
2016 was a bruising year for university endowments. More than 80 percent of the funds lost money, including the largest ones. Half of the ten largest university endowments ended up in the red, Trusted Insight’s research shows. One may argue that endowments are long-term investors that should look beyond one year. So does a one-year loss translate into bad investing?
In the United States, the ten largest university endowments manage a total of $177 billion in assets (close to a third of the national total). The ten largest endowments, eight of which manage greater than $10 billion in assets, like-mindedly have a stronger preference in alternative assets.
<p>The founder of a London-based investment fund that focused on what it called “constructive activism” has joined <a href="http://www.dealstreetasia.com/?s=softbank">SoftBank </a>Group Corp. to help manage its new $100 billion technology vehicle.</p> <p>Knight Assets & Co. LLP’s Chief Investment Officer Akshay Naheta joined SoftBank’s Vision Fund and will help guide its public equity investments and potential acquisitions, according to a person with knowledge of the appointment.</p>
Fairfax India Holdings Corp (TSX: FIH.U), an affiliate of Fairfax Financial Holdings Ltd, has launched a US$150 million bought deal financing and a US$350 million concurrent private placement. The Ontario Municipal Employees Retirement System (OMERS) will acquire about 17 million subordinate voting shares as part of the latter offering, which is expected to close in January. Fairfax India was set up in 2014 to make private equity, public equity and debt investments in India. Its recent private deals include April’s <a href="https://www.pehub.com/canada/2016/4/fairfax-india-to-invest-300-mln-in-sanmar-chemicals-reuters/" target="_blank">US$300 million invested in</a> Sanmar Chemicals Group.
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news of the previous day. Here are the stories you may have missed:
The California State Teachers' Retirement System is searching for public equity investment managers with an environmental, social and governance focus. There are up to six new ESG manager spots available for consideration.
Here’s why family offices might just be onto something with all their private market investing. The investment boom in private companies is being driven by some interesting long-term trends, namely the slow death of public equity. Why invest in public equity when the market for those equities is diminishing rapidly?