University of Michigan Changes Conflict Rules for Investments
(Bloomberg) — The University of Michigan changed how its endowment’s advisory committee handles potential conflicts of interest and discontinued a fund that helped pay the salaries of the chief investment officer and his staff. The changes were announced Thursday at a board of regents meeting following a review of the policies and practices at the investment office, university public affairs spokesman Rick Fitzgerald said in a statement posted on its website. The school will require members of its investment committee, which advises the university on the management of its $11 billion endowment,…
Read More