Endowment boards need to have expectations as to how asset allocation and positioning is going to impact short-term results, an interim CIO at a university said, during a conference held in Miami this week.
Group think, herd mentality and confirmation bias are three key behavioral issues that can impact investment committees, according to panelists during the Resilience: Creating the All-Weather Portfolio session.
Consequences of climate change and stranded assets must be incorporated into investment portfolios as a risk factor to protect against future downside dangers.
Foundations and endowments need to eliminate biases in their governance and investment processes to unlock more opportunities for women and minority investment managers.