Richard Chau was named chief investment officer at Tulane University to replace Jeremy Crigler, who retired in September.
Mark A. Schmid, vice president and chief investment officer at the University of Chicago, will retire Sept. 1.
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.
University of Missouri System increased its endowment targets to private equity, private debt and real estate and reduced fixed income.
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.
Northwestern University's pool of endowment assets returned a net 7.1% for its fiscal year, slightly behind its 7.2% benchmark.
Wellesley College posted an 8.8% return for its endowment for the fiscal year ended June 30, besting the previous year's return.
William & Mary Investment Trust, the consolidated endowment of the College of William & Mary, returned -0.47% in the year ended June 30.
University of Kentucky's new target allocation for its $1.6 billion endowment includes an increase in global public equities.
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.
Williams College's $2.8 billion investment pool returned a net 3.3% for the fiscal year ended June 30, below its 5% policy benchmark.
Lehigh University returned a net 0.7% on its endowment for the fiscal year ended June 30, well below its policy benchmark return of 4.2%.
New Mexico State Investment Council is redeeming investments from two non-core fixed-income separate accounts.
Mark Baumgartner was named chief investment officer of the $3.4 billion endowment of Carnegie Corp. of New York.
University of Tennessee System's consolidated investment pool returned -2.6% for the fiscal year ended June 30.
University of Chicago's endowment returned 3.2% for the fiscal year ended June 30, growing to $8.6 billion.
Virginia Tech Foundation's $1.2 billion consolidated endowment fund returned -5% for the fiscal year ended June 30.
Tufts University's $2 billion total return pool, which includes the school's $1.7 billion endowment, returned a gross 3.7% return.
Washington and Lee University's $1.2 billion endowment returned a net 3.2% for the fiscal year ended June 30.
University of Rochester's long-term investment pool returned a net 3.7% for the fiscal year ended June 30, surpassing its benchmark.