July 23, 2009
Most Nonprofit Groups Change Asset Allocations
Seventy-one percent of American nonprofit organizations in a new survey say they are changing how they allocate their invested assets, in the wake of staggering losses brought on by the recession and market volatility, according to SEI's Institutional Group, an investment manager with headquarters in Oaks, Pa.
The pool of respondents reported taking big hits in their investments: Eighty-one percent of the organizations surveyed said their invested assets had declined by at least 21
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