CA Capital’s Margaret Chen spoke to Bloomberg Radio about the geopolitical and market environment factors that contributed to strong endowment (E&F) returns in Fiscal Year 2017, pointing to double-digit returns from public equities and better performance from hedge funds compared to previous years. Chen reminds investors that the bull market isn’t permanent (though it might feel that way) and institutions that maintain a long-term perspective know to stay diversified and won’t over-allocate to stocks. The interview also touched on endowments’ liquidity needs, and hedge fund fee negotiations and how better fees benefit institutional investors.

Listen to the ~10 minute radio interview here.