Commonfund Forum, currently being held in Hollywood, Florida, released its annual survey data today showing that institutional investor expectations for 2013 remain positive. Commonfund conducted its third annual Commonfund Investor Outlook Survey™ which gauges the sentiment of the more the 500 participants at the Commonfund Forum. This year data was collected from 217 attendees representing a broad range of nonprofit institutional investors and pension funds. The combined assets were $123 billion.
The financial crisis is in the past, more or less, and campuses are looking ahead to a new era for their endowments. But what does this mean? Four years on, we’ve come to grips with the changes wrought by the September 2008 market crash. Finance departments are revising their theories and boards of trustees are revising their expectations under what has been called the “new normal”—a time of low stock market returns, low interest rates, and low growth in personal income.
In what will be the largest donation it has ever received, the University of the Fraser Valley (British Columbia, Canada) will take ownership in early 2013 of the former BMO Bank of Montreal branch building at historic Five Corners in downtown Chilliwack. The university will renovate and refurbish the facility to create UFV Plaza, a downtown education centre with a focus on programming related to business development and training.