Roughly 58% of non-profit organisations surveyed by consulting firm Mercer said that the largest single investment risk was overreaction to short term events, while the ’Black Swan’ event preparation was a risk concern for nearly 20% of those surveyed.
The focus of endowment and foundation executives is on asset preservation as there is a continued perception of political and fiscal gridlock in the US – which is the top macroeconomic concern, outranking the European debt crisis...