The following has been adapted from a presentation delivered at Commonfund Forum 2023. The presenters were Rachel Stavola Clivaz, Associate Director, and Anthony Peretore, Managing Director,...
We believe spending policy not only should influence strategic asset allocation but should be thought of as the other "free lunch" of long-term endowment investing alongside diversification.
Unless you’ve been on a remote island with no Wi-Fi for the past nine months, you are well aware that it has been a rough start for capital markets. In fact, it has been a historically rough start to...
Commonfund has designed a set of questions to help guide a committee—and staff—toward selecting the most appropriate spending policy. We have used these questions as a guideline for conversations...
Spending policy is the most overlooked aspect of endowment management and many are likely not employing the optimal calculation for their institution. Many investment committees review "strategic...
The Endowment Model Proves Its Worth (Again)