Weak investment returns have chipped away at endowment values, but universities manage endowments with expectations of volatility, easing some of the adverse credit effects.

Guests: Liz Clark, vice president for policy and research, National Association of College and University Business Officers (NACUBO) and Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors Service

Host: Nick Samuels, Senior Vice President, Moody’s Investors Service