K. Niles Bryant was named senior vice president and chief investment officer at Bowdoin College.
Trinity College at University of Cambridge will divest $20 million in fossil fuel-linked investments from its endowment fund this year.
Amy C. Falls was named vice president and chief investment officer at Northwestern University, replacing William H. McLean.
U.S. educational endowments saw average returns drop to 1.8% in fiscal year 2020, down from 5.3% in the year earlier.
Independent school endowments returned an average net 2.8% for the fiscal year ended June 30, a significant decline from previous years.
Landis Zimmerman, vice president and chief investment officer of the Howard Hughes Medical Institute, will retire later this year.
Paula Volent, chief investment officer at Bowdoin College, will step down June 30.
University of Missouri System increased its endowment targets to private equity, private debt and real estate and reduced fixed income.
The endowment funds of the University of California Board of Regents returned an average weighted 4% for the fiscal year 2020.
Carlos Rangel was named chief investment officer of the W.K. Kellogg Foundation, replacing Joel Wittenberg, who is retiring.
Rice University's endowment returned a net -0.7% for its fiscal year, below its policy benchmark return of 1%.
Rutgers University's $1.4 billion long-term investment pool of endowment funds returned 0.2% for the fiscal year ended June 30.
University of Notre Dame's $13.3 billion endowment returned a net 7.4% for the fiscal year ended June 30.
Syracuse University's endowment recorded a 2.1% return on investments, net of fees, for the fiscal year ended June 30.
Northwestern University's pool of endowment assets returned a net 7.1% for its fiscal year, slightly behind its 7.2% benchmark.
The richest private colleges in the U.S. will see about $85 million less in government stimulus money to contend with the COVID-19 crisis.
Wellesley College posted an 8.8% return for its endowment for the fiscal year ended June 30, besting the previous year's return.
Smith College announced plans to seek its first CIO and manage its $2 billion portfolio in-house after working with an OCIO for 16 years.
William & Mary Investment Trust, the consolidated endowment of the College of William & Mary, returned -0.47% in the year ended June 30.
George Washington University's $1.8 billion endowment fund returned 3% for the fiscal year ended June 30, lagging its benchmark.
Smith College plans to manage its $2 billion endowment internally after outsourcing management of the portfolio for the past 16 years.
University of Kentucky's new target allocation for its $1.6 billion endowment includes an increase in global public equities.
University of Maine System terminated GMO from a global asset allocation portfolio and reduced the target to the overall asset class.
Georgia Tech Foundation returned a net 2.6% for the fiscal year ended June 30, exceeding its policy benchmark of 2.4%.
Tulane University's $1.1 billion pooled endowment returned a net 2.6% for the fiscal year ended June 30, exceeding its static benchmark.