Graystone Consulting, an institutional consulting business of Morgan Stanley, partnered with 8 Acre Perspective to conduct a survey of endowments and foundations (E&Fs) to learn about the worries keeping them up at night and their expectations for the market and economy.
The research was conducted among 100 endowments, foundations, and other non-profits. All respondents represented organizations with at least $100M in AUM, with more than half representing organizations with $1B+. Highlights include:
- Top concerns: hitting investment targets and managing risk in an environment marked by volatility and slowing economic growth.
- Alternatives, particularly private markets, continue to play a growing role in E&F portfolios as investors seek diversified sources of return. Planned increases to alternatives far exceed any other asset class, with 52% planning to increase allocations and just 9% planning to decrease.
- Allocations to alternatives are dominated by private markets, with private equity the most used, as more than eight of 10 E&Fs currently allocate and/or expect to allocate to private equity.
- E&Fs see the need for investment training for boards. Most (78%) have an existing training program for their boards or recognize the benefits of having one.
Media outlets in which this research has been cited include Institutional Real Estate, Investment News, Pensions & Investments, Savvy Investor, and Yahoo! Finance, among others.
Click to Read Graystone Consulting 2023 Endowment and Foundation Survey
