Some Caribbean nations are seeing signs of a recovery in tourism after border closures and the Covid-19 pandemic decimated their economies last year.
She is taking a number of steps to position herself more defensively.
The latest returns topped the endowment’s 5.7% gain for fiscal 2019.
Columbia University hired Kim Lew as chief executive of its $11 billion endowment, joining a small group of women to oversee investments at the wealthiest U.S. colleges.
A surge in stock trading and new accounts helped bring in money.
The reductions are part of sweeping measures -- from staff salary freezes to suspending new hiring -- that U.S. colleges are taking to contend with the financial fallout from the Covid-19 pandemic.
Pimco usually gets credit for the phrase; the firm’s CIO says it may be time to stop using it.
On the front lines of investing, advisors have been trying to guide their clients in fathoming the gut-wrenching market correction.
