The Stanford Management Company (SMC) — an entity that oversees the University’s endowment — issued its annual report last week, announcing a 6.5% investment return for the Merged Pool, a decrease from last year’s 9%. The decrease limits Stanford’s purchasing power, and according to the University’s Chief Financial Officer Randy Livingston MBA ’79, it means tighter operating budgets with less flexibility to fund new initiatives.
https://www.stanforddaily.com/2019/10/11/slowed-endowment-growth-strains-university-operating-budgets-forces-more-strategic-choices/
