Larry Rothman

1 week ago | pionline.com | Larry Rothman

The Trump administration has threatened to cut $2.2 billion in federal funding to Harvard University. However, the university had $53.2 billion of investment assets in its endowment as of June 30. That’s 27% higher than 2020’s $41.9 billion. Notably, the university has certain spending restrictions on most endowment funds because donors often mandate what their gifts support. Most of the endowment’s assets, 38.6%, were allocated to private equity. That was followed by hedge funds at 31.7%.

1 week ago | pionline.com | Larry Rothman

Breadcrumb Home INTERACTIVE April 15, 2025 02:45 PM Tweet Share Share Email More Reprints Print Out of 298 pension funds analyzed by S&P Global Market Intelligence, 174 were overallocated to private equity at the end of the first quarter. Narrowing it down to U.S. public pension plans with the largest dollar amounts allocated above their private equity targets, they were 116% to 142% higher.

2 weeks ago | pionline.com | Larry Rothman

The U.S. corporate high-yield default rate stood at 2.5% for the 12 months ended on Feb. 28, according to data provided by Fitch Ratings. The default rate was 2.9% and 2.6% in 2023 and 2024, respectively. In 2009, during the Great Recession, defaults hit 14%. U.S. corporate high-yield spreads stand at more than 450 basis points, a sharp increase from the 287 basis points at the end of 2024.

2 weeks ago | pionline.com | Larry Rothman

Nearly 60% of limited partners expect to increase their allocations to private equity this year, based on responses to the recently released S&P Global Market Intelligence's 2025 Private Equity and Venture Capital Outlook survey the firm conducted from November to January. Half plan to increase their infrastructure and private credit allocations. Most of the LPs said they would maintain or increase allocations to various alternative asset classes.

2 weeks ago | pionline.com | Larry Rothman

Breadcrumb Home INTERACTIVE April 08, 2025 02:40 PM Tweet Share Share Email More Reprints Print Most major alternatives money managers have seen their shares slump more than the Dow Jones U.S. Asset Managers index since February. Five out of the seven biggest alternatives managers' stock return (price change and dividends) outpaced the overall asset manager benchmark in January.