Divesting University Endowments for Social/Political Reasons: Part 2

Unsound finance and equally unsound policy

In a previous post, I took up a the first of a pair of recent papers by Max Schanzenbach (Northwestern) and Robert Sitkoff (Harvard). That post discussed Divesting University Endowments, which deals with the legal issues surrounding “endowment divestment for nonfinancial reasons.”

Divesting University Endowments for Social/Political Reasons: Part 1

In this post, I take up the second, University Trustees Should Say No to Divestment, which—as the title foreshadows—“argues that universities should commit their endowments to a non-divestment policy, investing solely for risk and return.”