- This course is designed to provide endowments, and foundations with a basic understanding of institutional investment management.
- With the key concepts covered in this course (portfolio construction, the risk and return characteristics of major asset classes, due diligence, investment decision making, and fiduciary responsibility),
- understand the operations of an institution’s investment pool as well as evaluate investment
- governance policy issues.
- Overview of investing
- Typology of assets: real, financial, derivative
- Key financial concepts: present value, future value, compound interest, measuring rates of return.
- The role of investment assets in the operation of endowments and foundations; spending levels
- Fiduciary obligation: the prudent person and prudent investor standards
- Documenting the investment policy: elements of an investment policy statement
- Behavioral finance: overview of cognitive issues that affect the investment process
- Alignment of interest: managing conflicts of interest and agency risk
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