Market meltdowns and endowment allocation: strategies for new market realities.
University Business › Vol. 11 Nbr. 12, December 2008
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Summary
ENDOWMENT MANAGEMENT
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Market meltdowns and endowment allocation: strategies for new market realities.
THE WORLD'S FINANCIAL markets spent the latter part of 2008 in an unprecedented state of volatility. Pictures of frazzled and depressed traders became one of the worst cliches in the news because they seemed to run every day. Such storied firms as Merrill Lynch and AIG had to be rescued by the federal government, and average people shared stories of how smoo...
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