The Latest
Analysis

Understanding the cost of investment management

Across the institutional investment community, disclosure and transparency of costs continues to be evolving, but not fast enough. A paper by Commonfund Institute reveals only 18 per cent of respondents in an endowment survey reported incentive and performance fees paid to asset managers despite the fact that nearly 85 per cent of respondents reported having […]
INVESTMENT THINK TANK

PE LPs overweighting home-state is hurting returns

New research finds institutional investors favour investing in private equity general partners that are located in the same state as their organisation. This is intuitive as local knowledge and contacts attract investments. However research from Stanford University finds this bias is coming at a large cost – about $1.2 billion a year – particularly for […]
Investor Profile

Danish real estate charity builds balance

Gert Poulsen, chief investment officer of the €3-billion ($3.9-billion) Danish charity Realdania, likes both property and the risk of earthquakes. The connection, Poulsen quickly adds, is not because he welcomes natural disasters, but due to Realdania’s distinctive history. Based in Copenhagen, Realdania was founded in 2000 when Danske Bank, the country’s largest lender, bought the […]
Analysis

Global CIO survey: lowered expectations

Connecticut-based financial services management consultant, Casey Quirk, and institutional investment specialist publication, top1000funds.com, joined forces in a global chief investment officer survey to measure the sentiment of asset owners, and the extent to which the 2008 crisis has had an effect on the behaviour of internal investment teams, their outlook and corresponding asset allocation. With […]
News

Endowments fall
from grace

US college and university endowments have gone from pioneers in the adoption of socially responsible investing (SRI) to markedly trailing the rest of the investment industry in integrating environmental social and corporate governance (ESG), new research reveals. The Boston-based Tellus Institute, an independent not-for-profit think-tank, looked at 464 endowments and was damning in its findings, […]
Research

Do some university endowments earn alpha?

This paper concludes that the average asset allocation of elite institutions and top‐performing funds is the single most important determinant of their superior returns during the last 20 years.   To access the paper click below: Do (Some) University Endowments earn Alpha
News

US endowments interested in outsourcing to multi-managers

A significant proportion of US endowments and other non-profit funds are at least “moderately interested” in outsourcing their investment management to a multi-manager model in the wake of the global financial crisis, according to a new survey by SEI Investments Company.