Not One Ivy League Endowment Beat a Simple U.S. 60-40 Portfolio Over Ten Years
“There’s a tug of war going on in endowments, as well as in asset management,” said Jeff Schwartz, president of MPI. “A lot of people are hoping that there is no point in investing in these complex alternatives. Then you have devotees of the Yale model who want to show there is a payoff for putting so much of the portfolio into private equity, VC, and all the things we think of as sophisticated and expensive. This report shows that the reality is much more complex than either narrative.” Read the full article here.