Optimal Investment Strategies for University Endowment Funds
Published Date
Copyright 1993
ISBN 0226110540
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Copy CitationRobert C. Merton, Studies of Supply and Demand in Higher Education (University of Chicago Press, 1993), chap. 7, https://www.nber.org/books-and-chapters/studies-supply-and-demand-higher-education/optimal-investment-strategies-university-endowment-funds.
Published From Paper
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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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