Even the ‘smartest’ money is suffering. US university endowments, the early adopters of alternative and esoteric investments, which were often recommended by their most brilliant alumni, are experiencing huge problems because of the market downturn and the illiquidity of those assets, compounded by the increase of expenses and the decline of revenues, including donations.
Already an IPE Member? Sign in here
For unlimited access to IPE’s industry-leading market intelligence, comprising news, data and long-form content on European pensions and institutional investment.
IPE has created a suite of products and services for Europe’s institutional investment and pensions community.