March 14, 2010
Colleges' Investments With Trustee-Run Firms Call for Extra Care
Financiers are highly coveted candidates for university governing boards. As trustees, they offer investment guidance and help oversee endowments, occasionally serving as leaders of the boards' investment committees.
The free advice, however, gets complicated when a college has money invested with a board member's company. A Chronicle investigation of private-college tax records found 50 institutions that have invested with trustee-affiliated companies. Those relationships
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