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Endowments may benefit more than the higher-education component.
Analysts and industry observers say that pension funds and endowments may be waiting to see how the trial against TCW is resolved before making any big investments.
It takes an awful lot of due diligence to assess a hedge-fund manager; pension funds and endowments may well feel it is better left to an expert.
However, a retailer's complementary resource endowments may enable the retailer to more effectively leverage a generic technology relative to its competitors and thereby achieve a sustainable competitive advantage.
Those who are born with poor natural endowments may be further disadvantaged if they cannot access life science innovations to modify or boost them.
The first and most powerful reason is that the clientèle of these endowments may have come to rely on high double-digit returns regardless of market performance or general business conditions.
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Among the top 10 performing endowments last year, Notre Dame, Duke, Michigan, Virginia and Northwestern all had returns over 25percentt.
An article on Monday about growth in college endowments last year referred imprecisely to the relative investment performance of colleges with endowments of $500 million to $1 billion.
Opera companies, orchestras, concert presenters and dance troupes throughout America have been hard pressed by declines in ticket sales, donations and endowments this year.
Patrick Connolly of financial advisers Chase de Vere says: "It's disappointing because I really did think we would see increased payouts on endowments this year.
A less ambitious endowment, one that has much less expected growth annually, can be managed to avoid losses of the magnitude produced by the leading endowments last year.
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