标题: Reconcile Willingness and Ability for Institutional [打印本页] 作者: Iginla2010 时间: 2011-7-11 19:18 标题: Reconcile Willingness and Ability for Institutional
On the 2002 endowment IPS question it says the foundation has:
average ability
above average willingness
"taking both ability and willingness into consideration, the endowment's risk tolerance is best characterized as above average"
I thought for institutions you would look primarily at ability. In general, don't you usually honor the more conservative of the 2?作者: ll11 时间: 2011-7-11 19:18
Hmmm.. I would agree with you.
Maybe because its an endowment (not a pension plan) and assumably it doesnt have any legally mandated liquidity needs and/or spending levels, you can use an average of willingness and ability????作者: bpdulog 时间: 2011-7-11 19:18
endowment is long term shuns, low liquidity needs bros
