Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/22437
Authors: 
Hübl, Lothar
Dreyer, Matthias
Year of Publication: 
2005
Series/Report no.: 
Diskussionspapiere des Fachbereichs Wirtschaftswissenschaften, Universität Hannover 325
Abstract: 
Investment policy is a central issue in foundations. The capital stock of a foundation and its long-term retention are prerequisites of a foundation?s perpetuity and independence. A foundation?s goals can only be reached with the funds generated by the foundation?s investment management. Ever greater demands have been placed on investment management in recent years. This paper maps out tenets of investment management that apply to all foundations, regardless of specific constraints or characteristics.
Subjects: 
foundation
investment management
JEL: 
L30
G31
L31
Document Type: 
Working Paper

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