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Saturday, May 22, 2010

Endowment Losses

I just read an interesting article

The part I found most interesting was the table showing losses. It might be comforting to know that Harvard, with a team of experts, still lost a lot during the recession.

1 comment:

  1. There's an application to personal finance here as well. These endowments got away from what their central mission was. They have a fiduciary responsibility to protect the endowments from wild swings in value. They are supposed to, in a prudent way, invest the assets for steady and sustainable growth. Maintaining your investing strategy is difficult because a series of small changes can leave you very exposed, like Harvard and UVA.

    Thanks for the article!