[BOOK][B] Endowment asset management: investment strategies in Oxford and Cambridge

S Acharya, E Dimson - 2007 - books.google.com
There is a profound linkage between the quality of a university and its financial resources.
The universities of Oxford and Cambridge rank among the world's finest educational …

Changes in the endowment spending of private colleges in the early 1990s

DL Basch - The Journal of Higher Education, 1999 - Taylor & Francis
In recent years, as many colleges have struggled to contain rising expenditures and to raise
revenues to meet those expenditures, a bright aspect of their financial condition has been …

Optimal smoothing rules for university financial planning

WF Massy, RC Grinold, DSP Hopkins… - Operations …, 1981 - pubsonline.informs.org
The determination of each year's endowment payout, total spending, and transfers to or from
reserves is set up as an optimal smoothing rule problem. Stochastic laws of motion are …

Why 5 percent? An analysis of optimal endowment spending rates

SL Green - Studies in Economics and Finance, 2009 - emerald.com
Purpose–Some members of Congress in the USA have expressed serious concern that
endowment spending rates of major American universities are too low. The purpose of this …