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Coronavirus - COVID-19
Endowment Index Tumbles over 20% in First Quarter
COVID-19 wipes out robust 2019 earnings in just three months.
Investment advisers, funds, and public companies are granted 45-day extensions for certain reports.
SFERS encourages business to be creative in supporting the COVID-19 relief effort and to ‘utilize the current crisis to lead the human experience to new heights.’
The institutional investor joins firms such as JPMorgan in mobilizing around the relief effort.