Yale and Copycats Win in 2016
A new study of 14 endowments posted on Institutional Investor finds that the top three performers for fiscal year 2016 are those closest to the Yale Model. Here’s why.
Press
MPI solutions and research are frequently featured in a number of financial and investment media outlets.
Ivy League endowment performance
Yale’s endowment ran away from its Ivy League peers during the 2016 fiscal year with a 3.4% total return, according to a report from Markov Process International. Princeton came in second place with an 0.8% return, the only other school with a positive return. Read more about the study on Pensions & Investments.
Risk parity post-Brexit
In an article posted by Investment & Pensions Europe, Apollon Fragkiskos reports that despite the increase in risk in many asset classes from a year ago, risk parity funds have weathered this summer’s volatile markets.
Gars isn’t too big – it’s just made bad calls
At Standard Life Investments the Global Absolute Return Strategies group of funds has swollen to £50 billion in size. Fears about it growing too large have surfaced frequently in 2016 as performance has dropped off dramatically. Read more on Financial News.
Why Standard Life’s Gars Performance Has Deteriorated
An analyst has outlined possible reasons why the performance of Standard Life Investments’ £27bn Global Absolute Return fund has deteriorated over the past 18 months, pointing to the “strategic bets” which could have dented returns. Learn more about the article published by FT Advisor.
X-ray exam: what is really behind Gars’ bad run?
A comprehensive investigation into Standard Life Investments’ Global Absolute Return Strategy (Gars) fund sheds light on why the £27 billion fund has struggled recently. Read more on this insight at Wealth Manager.
Do Low-Vol Funds Deliver On Their Promises?
MPI has a new report out on Barrons looking at low-vol smart beta funds. The firm’s conclusion? Low-vol does deliver on its claim to keep volatility down, but outperformance is trickier.
Investors urged to rethink role of fixed income
Given the low yield environment, fixed income investing is less able to play its traditional role. But rather than taking on more risk to hunt for yield, should bonds be used in a more defensive manner to diversify portfolios? MPI addresses this topic on Professional Wealth Management.
Here’s how Yale’s endowment left its Ivy League rivals behind
MarketWatch reports that MPI said asset allocation remained the most important factor in endowment performance, as returns at Ivy League endowments dropped off over the past year.
Can Anyone Beat David Swensen?
The short answer, following a year in which the Yale CIO and the endowment he leads avoided carnage in commodities and emerging markets, is no. Here’s why.