Guidelines to Help Prudent Investment Committees

Posted on October 29, 1999 by John E. Craig Jr.

Seven guidelines for prudent investment committees emerge from this analysis of the determinants of a foundation endowment’s performance: 1. Delegate responsibility for as many investment decisions as possible to professionals. It is unreasonable to expect a part time, voluntary committee to deliver the same level of performance achievable by full-time investment professionals. The economies-of-scale of investment management are such that… Read More