Endowment and Pension Funds Impairment Risk Calculator

Are endowments and pension funds overspending?

Does the high volatility of the investment portfolio put the institution at a higher risk of an "Impairment Event" - a market loss that would require the institution to dramatically alter it operations?

Unfortunately, the answer may be "yes" to both questions.

- The calculator included in this app provides quantitative answers to these important questions.
- Two types of simulations are available: historical (based on past returns) and forward looking (based on your assumption of future returns).
- The app comes with an electronic version of the paper by our colleagues at Spring Mountain Capital published in The Journal of Portfolio Management. The paper is entitled The Sustainability of Endowment Spending Levels: A Wake-up Call for University Endowments. This is a $99 value!
- App users are entitled to a special savings on a subscription to The Journal of Portfolio Management. Compliments of Institutional Investor Journals.