winds of change

Weathering tumultuous changes in the financial world, investment portfolios of many healthcare organizations look dramatically different today from how they looked 10 years ago. The forces that have battered the US' economy in the past decade have wrought tremendous, and sometimes catastrophic,...

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Bibliographic Details
Published inHealthcare financial management Vol. 67; no. 1; p. 124
Main Author Jarvis, William F
Format Journal Article
LanguageEnglish
Published Westchester Healthcare Financial Management Association 01.01.2013
Subjects
Asset allocation
Bond ratings
Economic crisis
Endowment
Health care industry
Nonprofit hospitals
Nonprofit organizations
Portfolio investments
Portfolio management
Trends
Volatility
United States > US
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Summary:Weathering tumultuous changes in the financial world, investment portfolios of many healthcare organizations look dramatically different today from how they looked 10 years ago. The forces that have battered the US' economy in the past decade have wrought tremendous, and sometimes catastrophic, changes in the value of not-for-profit healthcare organizations' investable assets. In the medical research community. data collected over time provide insights into longer-term trends affecting human health. Similarly. in the investment world, we can look back on this tumultuous period and seek to identify changes that have had lasting impact. In this decade of extremes-from the euphoria of the mid-2000s to the debacle of the 2007-2008 financial crisis -- annual returns on healthcare organizations' investable assets fluctuated widely. Healthcare portfolios have thus become increasingly diversified over the past decade, with particular growth in alternative strategies. This phenomenon is consistent with studies of investment practices at other types of not-for-profit organizations.
ISSN:0735-0732