Willard College Endowment Drops 89% on News of Chinese Stock Market Decline and Yuan Devaluation

chinese stock

We engaged in best financial practices and the administrators tasked with the care of our endowment did so with the deepest appreciation of their fiduciary responsibilities to Willard College, its trustees, and the President. Moreover, and furthermore, the allegation that a conflict of interest may have clouded investment decisions is, I assure you, baseless.

Morton Feeghan, Chief Fiduciary Officer

2 thoughts on “Willard College Endowment Drops 89% on News of Chinese Stock Market Decline and Yuan Devaluation

  1. No one advised the Finance Committee to go for rubles?

    • Dear Mr. Ssvolk (pron: ‘schvolque’), We engaged in best financial practices and the administrators tasked with the care of our endowment did so with the deepest appreciation of their fiduciary responsibilities to Willard College, its trustees, and the President. Moreover, and furthermore, the allegation that a conflict of interest may have clouded investment decisions is, I assure you, baseless.

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