Tufts Says Wealthy College Endowments Should Take Less Risk

Source: bloomberg.com Posted By: Renee H...5272 days ago

American colleges and universities with the largest endowments should abandon an investment strategy that has contributed as much as 49 percent to their annual operating budgets because such risk-taking resulted in disruptive cost-cutting in the aftermath of the worst financial crisis since the Great Depression, Tufts University President Lawrence Bacow said.

Harvard University, Yale University, Princeton University and Stanford University, the wealthiest U.S. schools, said they recorded declines....

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