Thacker: Universities should avoid risk by using only long-dated, fixed-rate debt
Allison Thacker · Allison Thacker – Different Perspectives and Different Assets at Rice University (EP.348) · Nov 6, 2023 · at 48:54
Allison Thacker, CIO of Rice Management Company, explains her philosophy on managing university debt issuance.
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“We use debt financing to finance very long-dated capital projects like dormitories. We should have the most boring portfolio of debt ever. It should be long-dated, and it should be a fixed rate to provide budget certainty. If we're going to take risk, we shouldn't be taking it in our financing structure for the university.”
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