Institutional Investors

Houston Endowment outsources investment management

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The board of directors for the $1.5 billion Houston Endowment has chosen to outsource the investment management of the foundation’s assets. The fund will be managed by Investure, a firm that serves as the investment office for several foundations, universities and endowed charities.

“As capital markets grew increasingly complex, it became clear that managing a portfolio of $1.5 billion is more than a part-time job,” said Sheryl Johns, executive vice-president at the Houston Endowment. Even though the foundation’s portfolio has consistently performed very close to the median of foundation and endowment peer groups, Johns advised the board to