{"id":1131,"date":"2020-04-22T23:38:00","date_gmt":"2020-04-23T03:38:00","guid":{"rendered":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/pensions-investments-endowments-foundations-think-coronavirus-recession-will-rival-financial-crisis\/"},"modified":"2021-11-02T19:09:23","modified_gmt":"2021-11-02T23:09:23","slug":"pensions-investments-endowments-foundations-think-coronavirus-recession-will-rival-financial-crisis","status":"publish","type":"newsroom","link":"https:\/\/www.nepc.com\/private-wealth\/newsroom\/pensions-investments-endowments-foundations-think-coronavirus-recession-will-rival-financial-crisis\/","title":{"rendered":"Pensions &#038; Investments: Endowments, foundations think coronavirus recession will rival financial crisis"},"content":{"rendered":"<div class=\"wpb-content-wrapper\">[vc_row][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; uncode_shortcode_id=&#8221;197103&#8243;][vc_column_text]Pensions &amp; Investments just published a piece on the Endowments and Foundations flash poll results. <a href=\"https:\/\/www.pionline.com\/endowments-and-foundations\/endowments-foundations-think-coronavirus-recession-will-rival-financial\" target=\"_blank\" rel=\"noopener\">View the article on PI&#8217;s site here.<\/a><\/p>\n<p><!--more-->Endowments and foundations believe the COVID-19 crisis will lead to a severe recession similar to the global financial crisis of 2008, a new survey from investment consultant NEPC showed.<\/p>\n<p>Among the 105 investment professionals at endowments and foundations surveyed by NEPC in late March, 54.5% expect a similar recession, while 41.4% expect a short, sharp recession followed by a strong recovery, and 4.1% expect a &#8220;self-reinforcing depression.&#8221;<\/p>\n<p>When asked what actions they are taking in their portfolio during the current market volatility, 44.4% said they are rebalancing &#8220;toward&#8221; policy targets while 16.2% say they are rebalancing &#8220;to&#8221; their policy targets, 14.1% says they are raising additional cash and 13.1% are reducing their overall risk exposure.<\/p>\n<p>Also, 7.1% of respondents say they are not taking any actions, and 5.1% say they are reducing private market commitments.<\/p>\n<p>When asked what other changes they are making or considering making as a result of the market volatility, a total of 60.6% responded they would reduce costs and expenses or reduce their spending rate, while 16.2% said they will tap credit markets to address short-term capital requirements, 12.1% said they will redirect grants to address the challenges of the current crisis, and 11.1% said they will increase their spending rate to support operations.[\/vc_column_text][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column column_width_percent=&#8221;100&#8243; gutter_size=&#8221;3&#8243; overlay_alpha=&#8221;50&#8243; shift_x=&#8221;0&#8243; shift_y=&#8221;0&#8243; shift_y_down=&#8221;0&#8243; z_index=&#8221;0&#8243; medium_width=&#8221;0&#8243; mobile_width=&#8221;0&#8243; uncode_shortcode_id=&#8221;197103&#8243;][vc_column_text]Pensions &amp; Investments just published a piece on the Endowments [&hellip;]<\/p>\n","protected":false},"author":95,"featured_media":1115,"template":"","meta":{"content-type":"","footnotes":""},"newsroom_categories":[81],"newsroom_tags":[82,83],"class_list":["post-1131","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","newsroom_categories-in-the-news","newsroom_tags-press","newsroom_tags-press-coverage"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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