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Financial crisis knocks value of Harvard and Yale endowments
They may be thinking beyond the "funding threats" and also looking at the state of the economy and possible collapse. Bonds tend to be a safer bet.
I remember reading all kinds of articles back then when they lost a significant portion of their endowment due to investments that cratered with the market. As an example, the Dow had eventually dropped from a high of about 14,000 in Oct. 2007 to near 6000 in March 2009.
(above from here - https://www.denverpost.com/2013/03/05/dow-twists-its-way-back-to-a-record-high/ (updated 2016)
That was like a drop of 54% (where "20% = "bear market" ).
They may be thinking beyond the "funding threats" and also looking at the state of the economy and possible collapse. Bonds tend to be a safer bet.
I remember reading all kinds of articles back then when they lost a significant portion of their endowment due to investments that cratered with the market. As an example, the Dow had eventually dropped from a high of about 14,000 in Oct. 2007 to near 6000 in March 2009.
(above from here - https://www.denverpost.com/2013/03/05/dow-twists-its-way-back-to-a-record-high/ (updated 2016)
That was like a drop of 54% (where "20% = "bear market" ).
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