How is Duke preparing for a possible recession? - Rose Wong, Duke Chronicle

As concerns about a potential upcoming recession grow, Duke has contingency plans to combat the effects of a potential economic downturn on the University. Fears of an impending economic drawback have grown in recent years, with 82 percent of surveyed U.S. chief financial officers indicating they expected a recession to occur by the end of 2020, according to a recent Duke survey. So how is the University preparing for a potential pullback? Duke University Management Company—which oversees the Duke Endowment—has been preparing for a recession and developed a strategy to alter its portfolio in case of economic woes, explained Tim Walsh, Duke's vice president of finance. A recession would also increase the demand for financial aid and limit Duke's ability to create new programs. https://www.dukechronicle.com/article/2019/02/how-is-duke-preparing-for-a-possible-recession