The relationship between the type of management and decisions to invest in local or foreign assets: the case of university endowment funds

Date
2017
Authors
Kibika, Stella Andia
Journal Title
Journal ISSN
Volume Title
Publisher
Strathmore University
Abstract
Universities are known to follow different models when making asset allocation decisions such employing external fund managers to manage asset allocation strategies and manage their investments. At other times the university uses internal mechanisms for management. This paper studies the impact of type of management on the choice of assets. The findings show that management is not a major determinant of choice of assets in the USA but is a determinant in the UK.
Description
A Research project submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Actuarial Science at Strathmore University
Keywords
Endowment funds, Management, Universities, Assets allocation
Citation