Morningstar Aims to Clock Pension, Foundation & Endowment Performance
According to a press release from Morningstar, the research firm is asking the pension, endowment and foundation community how willing it would be to provide periodic performance information.
“Though corporate and public pension plans, endowments, and foundations in the United States manage trillions of dollars, it is still a challenge to find objective, comprehensive information on performance, expenses, risk, and holdings of these institutions,” said Steve Deutsch, head of development for institutional investment data, in the press release.
According to Deutsch, a pension, endowment and foundation database is an attempt to bring a greater level of transparency toadministrators, managers, trustees, consultants, plan participants, annuitants, taxpayers, shareholders, and donors.
The two collaborators have already completed a preliminary analysis of NCPERS’ member plans, which found thaton a dollar-weighted basis – accounting for all cash inflows and outflows from purchases and sales and the growth in fund assets – participating NCPERS member plans outperformed mutual funds over several time periods.
Pension, endowment, and foundation representatives can indicate their interest in participating in the database by going to http://corporate.morningstar.com/MStarPEFDatabase .
The deadline for response is June 29.