Lumina, a foundation aimed at increasing access to and success in higher education for the students of the United States has to deal with the recent resignation of its chief investment officer. Finance Director considers the structure of the company has in place to manage its $ 1.1 billion endowment. Although the CFO and other professionals, finance and management at Lumina temporarily oversee donations, he acknowledges that many other outsourcing this responsibility to the investment advisory firm. As part of his review, he suggested a number of companies, including partners cornerstone of Charlottesville, VA-to make a presentation to the management group Lumina. While each company says that the ability to transcend their test, Maas wonders how outsourcing will increase the value, and how this timing can be determined quantitatively. "Hide
by Richard Evans, Prakash Menon Source: Darden School of Business 12 pages. Publication Date: August 17, 2012. Prod. #: UV6511-PDF-ENG
