The conference included three endowment experts — Don Lindsey, chief investment officer for The George Washington University; Scott Malpass, chief investment officer for the University of Notre Dame; and Ellen Shuman, who handled endowments at Yale University and the Carnegie Corp. of New York. She has since founded her own investment firm, Edgehill Endowment Partners.

Shuman said the key to endowment success is to find good managers “who can find securities priced lower than they’re worth.” And don’t be afraid to go against the grain. “Swim against the tide,” she advised.

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