2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
FEG Chief Investment Officer and Head of Research Greg Dowling gave perspective and said 2024 will be about inflation and the Fed's reaction to inflation.