Pensions & Endowments

‘Go Where the Money Isn’t’ and More Advice From Endowment Chiefs

The men and women making investment decisions for U.S. universities have learned a lot on the job.
Illustration: Jee-ook Choi for Bloomberg Markets
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Universities are increasingly expensive to operate. The executives who manage school endowments, which help pay for most of those costs, experience the same challenges as other institutional investors. Managers in charge of assets totaling more than $174.4 billion spoke with Bloomberg Markets about lessons learned from the financial crisis and their long-term view on investing.

John Alexander
Chief investment officer, Clemson University Foundation, with $700 million in assets under management