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I very much doubt that. I’m guessing the vast majority of the endowment is restricted. That is, even if it is invested for returns, the money and the returns o
by jncfhnb 3y ago
I very much doubt that. I’m guessing the vast majority of the endowment is restricted.
That is, even if it is invested for returns, the money and the returns on the money must be used for the intended purpose of the donor.
- detourdog 3y agoWhich does describe one aspect of the lever. A group can have all sorts of hedges including a world class institution.
- jncfhnb 3y agoI don’t think you understood what was said. The university is not part of the hedge fund. It’s a hedge fund that manages the Harvard endowment.
- detourdog 3y agoI understood. I'm saying that large endowments no matter their mission has a group of people that control that endowment. A conservative endowment can be used to leverage other positions members of this group can hold.
- xapata 3y agoSalaries and other compensation can be considered part of the overhead of managing the money and the institution.