| Liquidity: A Hot Issue for Endowments & Foundations |
Institutional trustees have a dual investment responsibility - to provide for today's cash obligations while protecting (and enhancing) tomorrow's spending power.
Many boards have responded to the recent financial crisis (and the actions of aggressively invested institutions like Harvard University) by adopting investment strategies that ensure liquidity but compromise the portfolio's long-term growth potential.
A new white paper by Federal Street Advisor Principal, Mark Peters, CFA, takes a big-picture look at liquidity needs - and how they can be met with smart portfolio design that does not sacrifice the future. We invite you to click through to our website to read his white paper. |
Federal Street In The News
CFA charter holder, Mark Peters, was quoted in the April 9, 2010 issue of The Hedge Fund Law Report. The article, entitled "Lessons for Hedge Fund Managers on Liquidity, Allocations, Marketing and More from Yale's 2009 Endowment Report," addressed the liquidity issues of endowments and foundations from a more technical investment perspective. |
