标题: Risk of endowments/pensions? [打印本页] 作者: transferpricing 时间: 2011-7-11 19:31 标题: Risk of endowments/pensions?
Hi everyone,
Do endowments generally have "above average" risk tolerance because they have such long time horizons? I thought they did, but then schweser has an answer where they say that "average" is relative to other similar institutions, so most endowments must have average risk tolerance.
Thanks,
Ari作者: thommo77 时间: 2011-7-11 19:31
I would disagree with average, most of them have above average risk ability because of long time horizons and no contractual liabilities.
NO EXCUSES作者: oneboy 时间: 2011-7-11 19:31
I also think it depends on whether the endowment is funding a significant portion of the sponsor's operating budget. Typically if it funds 5% or less then it is not considered significant.
