Recession’s Hard Lessons Lead to Changes in Endowment Policies

The bulls may be back in control on Wall Street, but the painful lessons that endowment managers endured just a year ago are leading to a number of changes that affect how the funds are managed.

Twenty-three organizations in The Chronicle’s annual survey—roughly twice as many as last year—said their boards had adopted new policies regarding investments. Another 25 said they were considering new investment policies.

Forty-three organizations,

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