For stewards of elite college endowments, the previous yr has been tough. All eight Ivy League schools lagged behind the S&P 500 index by no less than ten share factors of their most up-to-date fiscal yr. These ensnared in President Donald Trump’s culture wars, together with Columbia and Harvard, are writing cheques for a whole lot of thousands and thousands of {dollars} to settle disputes and regain public funding. And the endowment mannequin itself is below pressure. Devotion to different belongings is being questioned amid excessive charges, revised valuations and low liquidity. Some schools, together with Yale, have sought to dump private-equity stakes with the intention to elevate money.
