Endowments and foundations race to outsource investment management

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The story "Endowments and foundations race to outsource investment management" was covered 15 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 15h ago

Endowments and foundations race to outsource investment management - Financial Times

Quick Summary:

A study published this month by BlackRock shows US endowments with investable assets of between $251mn and $1bn have on average failed to generate the widely-accepted industry benchmark of 7.5 per cent annual return over the past 15 and 20 years.

A study by the Commonfund and the Council on Foundations found 39 per cent of private foundations reported using an OCIO last year, up from 24 per cent in 2018.

The outsourcing boom has come as endowments and foundations increasingly rely on investment gains to meet funding needs, after other revenue sources became more volatile and operational costs jumped.