Lumina, a foundation emphasizing on raising both access to and success in higher education for U.S. pupils, is surviving the recent resignation of its chief investment officer. The CFO reviews the construction the business has in place to control its $1.1 billion endowment.
Maas comprehends that a number of other foundations outsource this responsibility to investment advisory companies, though the CFO and other finance and administration professionals at Lumina are briefly managing the endowment. As a measurement of his appraisal, he requests a number of businesses-including CornerStone Partners, from Charlottesville, VA-to make presentations to the Lumina management team. Maas wonders exactly how the outsourcing would add value, and this outperformance could possibly be quantified while each company claims the ability to outperform its benchmark.
PUBLICATION DATE: August 17, 2012 PRODUCT #: UV6511-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
Related Case Solutions & Analyses:
Bidding for Hertz: Leveraged Buyout
EZAmuse Negotiation Background (A):
Loblaw Companies Limited
Midland Energy Resources Inc.
Zenglibao: An Internet Money Market Fund Run by Tianhong Asset Management Co., Ltd.
China Life
India’s Alibaba: IndiaMART’s Network Effects
Disrupting Wall Street: High Frequency Trading
Tyco International: Corporate Liquidity Crisis and Treasury Restructuring
BANEX and the No Pago Movement (A)
