The Interaction of Spending Policies, Asset Allocation Strategies, and Investment Performance at University Endowment Funds
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Using data for more than 800 college and university endowment funds over 2003-2011, we provide a comprehensive analysis of the spending policies used in practice as well as how frequently and why those mandates are revised over time. Given the long-term and relatively static nature of the investment
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美国国家经济研究局创建时间：
2013-10-01
