Feder: UMich endowment spending uses a rolling 28-quarter average, not current marks
Dan Feder · #66: Meta Connect, the Hardware Renaissance (or Not?) and Special Guest Dan Feder · More or Less Podcast · Sep 27, 2024 · at 9:29
Dan Feder, an institutional LP allocator for the University of Michigan endowment, discusses how private portfolio valuation marks impact university spending.
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“In the case of Michigan, our spending rule is based on a rolling 28 quarter average value. So we're really not spending off those current marks.”
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