Maul: Mature private portfolios cannot easily shift without new cash flows
Elisa Maul · Training Grounds – Carnegie Corporation of New York (EP.377) · Apr 1, 2024 · at 56:51
Former Carnegie Corporation senior investor Elisa Maul explains the portfolio management constraints of a mature foundation portfolio lacking incoming donor capital.
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“Because the portfolio was so mature, and Carnegie has no income in cash flows, so once you have a mature private portfolio, it just is what it is. There's not a lot you can do without new cash flows.”
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