Trends toward increased allocations to alternative assets have created a danger that institutions may actually be spending too little on endowment oversight, rather than too much, since there is a wide dispersion on manager returns, and added resources are required for proper due diligence and oversight of these investments.
"Otherwise, given the considerable upfront investment that is required, there is a danger that planning risks will deter investment and developers will seek alternative locations in the UK and overseas, " it says.