Endowments and foundations reported median losses of 7.8% for the fiscal year ended June 30, and that's actually good news, since those results handily beat traditional stock-and-bond portfolios. Thanks to their high exposure to private markets, endowments have been sheltered from the worst effects of the market sell-off.
| less than a minute read
University endowments are at a crossroads
"Privates have done their job," said Matt Bank, a partner at Global Endowment Management, which acts as an outsourced chief investment office for endowments.
