Read the Case Study: https://www.studocu.com/en-us/document/the-university-of-adelaide/portfolio-theory-management-iii/lecture-notes/braeburn-case/8837071/view

In January 2018 when this evaluation took place, do you think that the Braeburn University endowment would be better off with a passive management strategy?

Also, write the benefits of both active and passive strategies with regards to endowments.