Investment Strategy | Insights Blog

Coronavirus: Five Key Questions for Nonprofit Institutions

There is no question that we are in unprecedented times and will likely remain so for longer than we anticipated even a few weeks ago. The speed at which a new reality has been imposed on all of us...
Investment Strategy | Insights Blog

Are You Ready for the Next Crisis?

Ten years ago Lehman Brothers failed, representing the largest bankruptcy in history, and accelerating a global financial crisis that would knock many non-profit portfolios backward. This came on the...
Investment Strategy | Insights Blog

A Gap In Reality

With the release of the annual NACUBO-Commonfund Study of Endowments (NCSE) comes the obligatory comparison of 1-year returns. “How did we do relative to the 12.2 percent average return” is a...
Governance And Policy | Insights Blog

When Leaks Turn into Floods: Challenges Facing Higher Education

2017’s tax legislation is the latest in a growing list of challenges facing higher education. The new excise taxes on endowment earnings of the largest private universities, coupled with the...
Governance And Policy | Insights Blog

Spending Policy: Is Yours Ready for the Next Downturn?

In most Investment Policy Statements there is often a reference to two important, but conflicting, objectives: one, to preserve the purchasing power of the long-term portfolio in real terms, and two,...
Private Capital | Insights Blog

How liquid are Private Capital Investments?

In the wake of the Global Financial Crisis, institutional investors were rightfully concerned about the liquidity profiles of their long term portfolios. Although markets have recovered substantially...