Paula Volent was named vice president and CIO at Rockefeller University, overseeing the management of its $2.3 billion endowment.
Deborah Shufrin was named chief investment officer at Colby College, replacing Hugh O'Donnell in overseeing Colby's $1 billion endowment.
K. Niles Bryant was named senior vice president and chief investment officer at Bowdoin College.
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.
Rice University's endowment returned a net -0.7% for its fiscal year, below its policy benchmark return of 1%.
Northwestern University's pool of endowment assets returned a net 7.1% for its fiscal year, slightly behind its 7.2% benchmark.
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.
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.
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.
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.
Thomas P. Lenehan was named chief investment officer at the $1.6 billion Wallace Foundation, effective Jan. 4.
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.
Stanford University's management company, which oversees the endowment among other investment pools, returned a net 5.6% for the fiscal year ended June 30.
University of Michigan's long-term investment portfolio returned a net 2.3% for the fiscal year ended June 30.
High-risk assets served Harvard University's endowment well during a fiscal year that saw it return 7.3%.
Case Western Reserve University's $1.9 billion endowment pool returned a net 1.3% for the fiscal year ended June 30.
University endowments with higher allocations to private investments saw more success during a volatile 2020 fiscal year.
Harvard University's endowment spun off its natural resources team, creating an independent entity to manage some farm-related investments.
Vanderbilt University's endowment returned a net -0.1% in the fiscal year ended June 30, compared to 6.7% a year ago.