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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, […]
In Conversation

Harvard factors in rebalancing to endowment

The Ann Kaplan professor of business, finance and economics at Columbia University, Andrew Ang, who also consults to the Norwegian sovereign wealth fund, describes the shortcomings of research on asset allocation and illiquid assets, and how to overcome behavioural biases.