August 10, 2001
Agency Urges Caution on Risky Investments
A financial-rating agency has warned colleges against risky investment strategies and using too much endowment income to cover operating costs and debt service.
Fitch IBCA, which, among other services, rates colleges' bonds and, by extension, their financial health, released a report noting that institutions with endowments larger than $500-million tended to invest substantial portions of the money in "alternative assets," like venture-capital funds, hedge funds, and managed
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
-
The Chronicle Review
-
Government
-
Advice
