The Mastercard Foundation is launching an asset management company to build and manage a diversified portfolio to help fund its philanthropic mission. The Mastercard Foundation Asset Management Corp. will be overseen by John Barker, who will serve as its chief investment officer. He previously served as CIO at Mass General Brigham and as managing director […]
Most U.S. universities made money on their financial investments last year, but their returns were tempered by a global economic slowdown fueled by America’s trade war with China, according to an annual survey of school finance chiefs. The survey, released Thursday, found that college and university endowments returned an average of 5.3 per cent in […]
Mission hedging argues foundations and endowments can do more good by loading up on profitable companies they oppose.