Endowments and foundations are somewhat more optimistic about the economy, with 55% of them considering it better than last year, and only 13% seeing it in worse shape, according to a new survey by NEPC released Monday.
That optimism is notable “both in the wake of a significant market runup and, more recently, the return of some volatility,” said Samuel J. Pollack, NEPC principal and senior consultant, in an interview. “There’s still some pretty clear confidence.”
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