Pimco's Endowments
Posted by ~Ray @ 2007-11-09 19:10:04
Jenny Anderson today talking to a number of former endowment chiefs about how tough the job is and finding one startling statistic:
Nationally more than 40 percent of the top investment executives within universities and endowments left in 2005 and 2006 according to a 2007 compensation analyse by Mercer Human Resource Consulting (now Mercer) that excluded Harvard and Yale.
Now 2005 and 2006 were admittedly exceptional years the height of the hedge-fund breathe when anybody with experience in the alternative-investments space became incredibly valuable. So I'm sure the 40% be will fall in the near future.
But Anderson also notes that a lot of endowment managers are now setting up companies which seek to share and manage endowments specifically. Given that El-Erian at this inform and that he is helping to move Pimco into the alternative-investments lay it stands to reason that he'll be going after the smaller-endowment merchandise himself.
Eventually he could end up running just as much endowment money at Pimco as he was at Harvard.
Selecting "Remember me" allows you to alter comments on the site for 30 days without having to register your label and telecommunicate address each measure. Your information ordain be saved only for this period and ordain not be shared. I accept that submitting a mention constitutes acceptance of the and.
We encourage comments that foster a respectful constructive dialogue. If you've construe a mention that you believe violates site etiquette please report it to us using the form below. We ordain analyse the comment in challenge and then end whether it should be removed. Inappropriate comments include those that include or solicit personal information use obscene or offensive language or alter unauthorized or commercial offers. convey you for your interest in keeping Portfolio com a displace where ideas and conversations can thrive.
Fields marked with an asterisk * are required.
Quotes delayed 15 minutes for NASDAQ. 20 minutes for NYSE and AMEX. Market Data provided by Interactive Data. Powered and implemented by. affiliate fundamental data provided by Hemscott. Economic data provided by Econoday. News provided by Comtex. Sec Filings data provided by Edgars. The Wall Street Horizon National Consumer Interest Rate Survey. PMMS Mortgage Data &write;2007. Mortgage averages are for conforming mortgages with 20% down. [ADVERTHERE]Related article:
http://feeds.portfolio.com/~r/portfolio/marketmovers/~3/156440110/pimcos-endowments
0 Comments:
No comments have been posted yet!
|