Category: Newsletters

2016 Election Note

Date: Categories: Homepage, Newsletters, Research Notes

The only thing markets dislike more than uncertainty is an outright surprise.Very few observers or pollsters gave Donald Trump much of a chance to win the election. The election proved to be one of the biggest political surprises in history. As it became clearer that Trump would win, the US stock market sold off 5.8% in the overnight futures market before rallying to close up 1.1% the day after the election in an incredible and historic round-trip.

Endowment Spending In A Low Return Environment

Date: Categories: Newsletters

For most organizations fortunate enough to possess an endowment, the funds are intended to be perpetual and to provide a stable and growing source of financial support to the organization well into the future. But in the here and now, budgets are typically tight; so boards and investment committees must address the creative tension between meeting today’s spending needs while considering spending needs in the future.

Market Update

Date: Categories: Newsletters

Greetings – It goes without saying that the volatility we have experienced…