Bear Stearns Asset Management has begun to proactively market its bank loan separate account capabilities to non-profit investors for the first time, according to sister publication Money Management Letter. The effort is being undertaken as part of a larger re-evaluation of the investment needs of foundations and endowments in the current market environment. "Many non-profit plans have been heavily equitized, and there is an examination going on as to whether that is still appropriate," said Maureen Mitchell, managing director of institutional marketing. "You might see a shift into fixed-income and other deflation-hedging strategies."
September 01, 2002