Pension Funds & Endowments

Pension Funds & Endowments
December 2025

The Asset Owner 100 | The most influential capital on the planet

Thinking Ahead Institute

Research

16 Pages

Thinking Ahead Institute profiles the largest asset owners in the world and how their decisions shape markets and the real economy.

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Annual Report
December 2025

The Asset Owner 100

Thinking Ahead Institute

Research

16 Pages

The study reveals the world’s 100 largest asset owners are now responsible for US$ 29.3 trillion as of the end of 2024; experiencing an increase in assets of 11.3% compared to the previous year.

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Portfolio Management
November 2025

The Next Chapter for U.S. Corporate Pension Plans

KKR

Research

14 Pages

KKR looks at how stronger funded status and shorter liabilities are reshaping U.S. corporate pension plans.

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Portfolio Management
September 2025

A Closer Look at Long-term Returns

Commonfund

Research

5 Pages

The 2024 CCSF Study shares a closer look at long-term returns for foundations.

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Portfolio Management
September 2025

Global Pension Assets Study

Thinking Ahead Institute

Research

44 Pages

The Thinking Ahead Institute published their Global Pension Assets Study, covering $58 trillion across 22 markets.

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Portfolio Management
September 2025

Adapting to the Terrain: 2025 Family Office Investment Insights

Goldman Sachs

Research

44 Pages

Goldman Sachs published their 2025 Family Office Investment Insights report.

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Portfolio Management
July 2025

The Risk, Reward, and Asset Allocation of Nonprofit Endowment Funds

Richard Ennis

Research

79 Pages

The authors analyze more than 800 U.S. nonprofit endowments to assess their performance, asset allocation, and risk-adjusted outcomes over two decades.

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Alternative Assets
May 2025

The Demise of Alternative Investments

Richard Ennis

Research

21 Pages

Richard Ennis argues that alternative investments bring extraordinary costs but ordinary returns.

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Markets
November 2024

The Asset Owner 100

Thinking Ahead Institute

Research

69 Pages

Explore the global asset management landscape through an analysis of the world’s 100 largest asset owners, uncovering their scale, influence, and the key themes reshaping the investment world today.

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Portfolio Management
September 2024

Are private assets worth the effort? A study of their impact on endowments and foundations’ returns and spending

Fidelity Investments

Ian Johnson, Erika Murphy, Emil Iantchev

Research

9 Pages

Fidelity’s analysis shows nonprofits can potentially both improve investment performance and reduce spending volatility by accessing above-median private market managers.

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Portfolio Management
May 2024

Analysis of Large US University Endowment Outperformance

True North Institute

Stan Miranda, David Hurdle

Research

29 Pages

Stan Miranda analyzed the performance of 12 large US university endowments and shares four key takeaways.

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Portfolio Management
March 2024

FY2023 Ivy Report Card: Volatility Laundering and the Hangover from Private Markets Investing

Research

10 Pages

Fiscal year 2023 proved challenging for Ivy and elite endowments, which underperformed both smaller endowments and global benchmarks.

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Portfolio Management
December 2023

Endowment asset allocations: insights and strategies

Research

20 Pages

This paper highlights the importance of asset allocation in portfolio performance, along with the relevance of various asset classes (including International Equity, Real Estate, and Natural Resources) over time.

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Pension Funds & Endowments
April 2022

Endowments Record Their Best Performance Since 1989

Pictet

Research

5 Pages

Pictet Wealth Management examines why US university endowments delivered their strongest results in decades.

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Pension Funds & Endowments
April 2022

Endowment and Foundation Annual Newsletter

Meketa

Research

9 Pages

Meketa Investment Group reviews the extraordinary 2021 market environment and how it translated into outcomes for endowments and foundations.

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Pension Funds & Endowments
April 2022

2021 NACUBO-TIAA Study of Endowments

Nacubo

Research

16 Pages

TIAA and NACUBO analyze how US college and university endowments invested and performed in fiscal 2021.

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