Many major foundations remain below their 2007 peak values due to illiquidity
Roz Hewsenian · Roz Hewsenian –Helmsley Trust's Chief of People and Process (Capital Allocators, EP.63) · Aug 6, 2018 · at 40:40
Roz Hewsenian, CIO of the Helmsley Charitable Trust, explains how simultaneous grant mandates and private equity capital calls in 2008 permanently damaged major institutional endowments.
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“That fight for cash Left some of them still permanently impaired. Some of those foundations still have not gotten back to their 2007 high watermark.”
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