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Note: Dickinson College's endowment is in the process of reviewing its manager roster in light of the economic downturn.
Annette Parker
Dickinson College's endowment is in the process of reviewing its manager roster in light of the economic downturn. The school, which outsources its cio function to Investure, has been scrubbing its portfolio to get rid of the worst performers. "The toughest thing in this market is maintaining liquidity," said Annette Parker, cfo. Many areas of the market are appealing for possibly reallocating some assets, though no major changes are planned, added Alice Handy, founder of Investure. "In general, the valuation in credit, fixed income and select public stocks are very compelling at the moment," Handy said.
Parker noted that one of the main advantages of using a third-party cio is that the college does not have to review managers on its own. "Our board no longer holds beauty pageants for managers," Parker said. "That's a big plus for us. Now the investment committee works at a...