FYI: Endowments and foundations are investing largely untethered to their stated goals and risk preferences, according to a recent report.
CAPTRUST’s 2018 Endowment and Foundation Survey found a lot of variety in asset allocation among respondents, and asset allocation “was not necessarily tied to return and risk objectives.” CAPTRUST reports that the most conservative responses respective of loss aversion tended to have the more aggressive asset allocations, while respondents with more moderate risk tolerances tended to have more conservative asset allocations.
Regards,
Ted
https://www.fa-mag.com/news/endowments-and-foundations-suffer-off-kilter-asset-allocations-42651.html?print
