Commentary: New insurance structures eliminate UBTI hassles



With the stock market on a tear, “success” for chief investment officers at endowments increasingly means generating returns of at least 12% — without engaging in overly aggressive trading practices.

In the past six months, more and more CIOs are looking into the use of institutionally priced annuity contracts to access alternative investments while minimizing exposure to unrelated business taxable income, or UBTI.

Why the recent interest?

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