“Diversify the portfolio to reduce risk.” This financial adage is known to asset managers worldwide, who use its mathematical equivalent to maximize investment returns every day. It is also generally practiced by Stanford Student Enterprises (SSE), the financial branch of the ASSU, which manages the ASSU’s $18 million endowment. All Stanford students benefit from a…
Together with their teaching staff, the 13 students of Econ 183: “The Cardinal Fund” act as the wealth manager for the $1 million Cardinal Fund provided by the Stanford Student Enterprises (SSE) endowment. The class has seen questionable investment returns, but remains a unique learning experience for its members.
Stanford’s endowment grew by 19.5 percent over the past year, an increase that has been attributed to returns on investments, endowment gifts and other funds that have been rolled into the endowment, according to a University statement.
Kenneth Frier, M.B.A. ’84 has been named Stanford Management Company’s (SMC) chief investment officer (CIO), a position he currently holds at the Hewlett-Packard Company. Frier is primed to manage the nation’s third-richest college endowment, a charge he will share with SMC president and chief executive officer John Powers, M.B.A. ’83.