Endowments And Foundations
topic on 2 shows · 7 statements across 7 episodes
7 statements about Endowments And Foundations, every show
Clarkson: Extended market downturn will force institutional LPs to sell holdings
“I think we're seeing some, the tip of the iceberg. And if the market doesn't come back, there could be a lot more. And that is when, to your point about When endowments and foundations and other LPs have to make some really hard choices about what they keep in…”
Rob Go: Endowments Are Often the First LPs to Flee in Downturns
“You know, there was a time when folks used to say that, like, endowments and foundations are the most robust long-term partners that exist on the planet. It is just not true. I've heard so many cases where markets turn, things change, and the first ones to lea…”
Endowments do not compete against each other except on annual returns
“Endowments and foundations don't compete against each other, right, except once a year when the press comes out on the returns, and so there's this really amazing community of COOs and others who talk all the time.”
Walthour: The Smartest People in Finance Worked for Endowments and Foundations
“Let's face it, you know, over the course of my career anyway, the smartest people worked for endowments and foundations.”
Rattner: Willett maintains a far lower unfunded liability ratio than typical endowments
“And so our unfunded liability ratio is very, which again, I don't want to get into specifics, is very low compared to what the typical endowment or foundation has.”
Most Investment Teams Try to Block Investment Committee Involvement in Decisions
“I think most organizations, they are trying to put their arms up as a sort of a block to the investment committee getting involved in decision making because it's not always been productive.”
Early 1990s endowments lacked disciplined portfolio rebalancing
“And a very rigorous rebalancing methodology, which was something, you know, back in the early nineties that endowments and foundations around the world didn't have. Really, if there was an asset allocation, it was a sixty-forty mix. And what you would see was …”