Describe several distinguishing characteristics of endowment funds that differentiate them from pension funds.
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Describe several distinguishing characteristics of endowment funds that differentiate them from pension funds.
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A convenient and effective way to organize the answer to this question is to cast it in the context of the investment policy statement framework Risk Endowment funds have no safety nets such as pensio...View the full answer
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Related Book For 
Essentials Of Investments
ISBN: 9780073368719
7th Edition
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
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