As Endowment Values Plummet, Some Institutions Consider Suing Brokers

Autor/in	Masterson, Kathryn
Titel	As Endowment Values Plummet, Some Institutions Consider Suing Brokers
Quelle	In: Chronicle of Higher Education, 55 (2008) 14, (1 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0009-5982
Schlagwörter	Endowment Funds; Trusts (Financial); Financial Services; Money Management; Finance Reform; Colleges; Court Litigation; Legal Responsibility; Negligence; Audits (Verification); Investment; Consultants + Suchen Sie Ihr Suchwort? Stiftungsvermögen; Konzern; Financial reform; Finanzreform; College; Hochschule; Fachhochschule; Rechtsstreit; Strafmündigkeit; Investments; Geldanlage; Investiton; Consultant; Berater
Abstract	This article reports that as many as five colleges or charitable foundations whose endowments have suffered significant investment losses or were unable to access money in their accounts in recent months are considering legal action against their brokers or investment managers, alleging misrepresentation of risk or mismanagement. Jacob H. Zamansky, who is leading the first of several lawsuits against the failed investment bank Bear Stearns, says the colleges and foundations have contacted him about making claims that brokers recommended investments unsuitable for endowments or misled them about the stability of certain investments. (ERIC).
Anmerkungen	Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10