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Having achieved impressive returns over a number of years, foundations and endowments are finally being recognized as investment powerhouses. With sophisticated portfolios managed by talented financial professionals, these institutions have become increasingly influential due to their long-term perspectivewhich gives them the latitude to take more investment risks and adopt new asset classes long before other investors.
Now, in Foundation and Endowment Investing, authors Lawrence Kochard and Cathleen Rittereiser offer you a detailed look at this fascinating world and the strategies used to achieve success within it. Filled with in-depth insights and expert advice, this reliable resource profiles twelve of the most accomplished Chief Investment Officers within today's foundation and endowment community; chronicling their experiences, investment philosophies, and the challenges they face in allocating assets, managing risks, and selecting from an increasingly complex set of investment opportunities.
Some of the individuals you'll hear from along the way include:
Laurie Hoagland, CIO, Hewlett Foundation
Scott C. Malpass, CIO, University of Notre Dame
Alice Handy, CIO, Investure, LLC
William Spitz, CIO, Vanderbilt University
Don Lindsey, CIO, George Washington University
Ellen Shuman, Vice President and CIO, Carnegie Corporation of New York
While each professional profiled skillfully discusses the strategies used to improve the financial health of their respective institutions, they also take the time to bridge the gap between theory and practice by describing how to apply the principles they've pioneered in real-world market conditions.
Besides providing you with the practical perspectives of top investors and institutions, Foundation and Endowment Investingthrough the combined expertise of two well-informed authorsclearly lays out the basic background and current landscape of this ever-evolving industry, and shares important lessons that can be used by those in the broader investment community.
As investors, we all want to do a better job establishing a disciplined investment process in order to generate better returns on our portfoliowhether it's for the benefit of an institution or our families. With Foundation and Endowment Investing as your guide, you'll discover how to do this and much more as you gain from the experience of today's top investment officers.
Starting with the thorough introduction, this book taught me volumes about foundation investing.
The authors open with an excellent summary of the history, circumstances, and essential elements of endowment and foundation investment management.
I hope Kochard and Rittereiser are interviewing another dozen CIOs for a sequel to this excellent and important investment management book!
Foundation & Endowment Investing is a must read for anyone who is on a foundation board and is also an interesting read for those who would like to hear investment philosophies... Read morePublished on April 25, 2012 by Christopher Zepf Kingdom Ridge
This is an excellent and enjoyable text on investment policy and practice for endowments and foundations. Read morePublished on January 8, 2009 by David Eisenberg