Performance & Persistence: 1-10 year Endowment Returnsby charles | Comments are closed
Our FY2019 institutional investment update presents the latest one and ten-year returns for sixty endowments.
We consider ten-year returns to be a rigorous and revealing measure of the strength of an institution’s oversight and investment abilities.
Despite rumblings to the contrary, our latest research shows that many nonprofit chief investment officers – and their boards – deliver meaningful value to their institutions.
The road to riches
Most high-performance investment offices on our list have stable boards and long serving CIOs.
It takes years to fully implement a multi-asset, multi-generational investment strategy and altering course mid-stream – a new investment chair? a change in CIOs? – can sap performance for a decade.
We recruit these executives for a living and avidly follow all institutional investment heads managing assets over $1 billion (and many with less), tracking their performance and scrutinizing their abilities.
They may have a down year or two but, as we spotlighted in an earlier report, top chief investment officers stay on top.
And now, on to the table for our fresh-from-the-oven, pre-Thanksgiving performance chart!Read More »