Optimal Investment Strategies for University Endowment Funds

Robert C. Merton
Published Date
Copyright 1993
ISBN 0-226-11054-0
Studies of Supply and Demand in Higher Education
Book: Studies of Supply and Demand in Higher Education
Book editors: Charles T. Clotfelter & Michael Rothschild
PUBLISHER: University of Chicago Press
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Optimal Investment Strategies for University Endowment Funds
- Working Paper
A common approach to the management of endowment is to treat it as if it were the only asset of the university. This...

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