In a crisis, short-term efficiency can be a shock amplifier. Long-term efficiency comes from building resilient institutions.
There will be another recession. Some economic indicators are already pointing in that direction, like the U.S. Treasury Bond yield curve. It may be mild or severe, and it may be sooner or later. But while we can’t predict the timing or severity, we can be certain that it’s coming. And so, we should be ready.Read more
Foundations have a difficult balancing act when it comes to managing their endowments.
Play it too safe and you risk a return that won’t replace the minimum 5 percent of net assets that foundations are required to pay out annually. On the other hand, many an endowment was licking its wounds years after the financial crisis because their portfolios were overly aggressive.Read more