Endowment Management

Has the ‘Endowment Model’ stopped working?

January 31st, 2017

Fortune Magazine, Dec 2016 http://fortune.com/college-endowments-investing/ Speed Read Through 2016, the average university endowment has had a poorer record—over one year, three years, five years, and 10 years—than the average public pension fund. The average endowment earned 6.3% a year over the previous 10 years, compared with 6.8% for a 60%/40% blend of U.S. stocks and bonds. Harvard’s […]

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Harvard Makes Changes in Managing a Lagging Endowment

January 28th, 2017

By GERALDINE FABRIKANT, NY Times, JAN. 25, 2017 Because of several years of poor performance relative to other major endowments, Harvard has been pressed to alter its strategy. Kayana Szymczak for The New York Times  Harvard, which has been under intense pressure to rethink its investment approach for its endowment, announced on Wednesday sweeping changes to how its […]

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New York Times : The Money Management Gospel of Yale’s Endowment Guru

November 5th, 2016

Link Mr. Swensen, 62, runs the school’s $25.4 billion endowment, one of the largest in the country. Usually he is joined by his intellectual sparring partner, Dean Takahashi, his senior director. It amounts to an internship in the world of managing a university’s billions — and the young analysts have a front-row seat. “It was […]

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When Markets Collide, by Mohamed El Erian

Never before have investors and policy makers been beset by so many conflicting messages about the economy and the markets. While most pundits dismiss the conflicts as “noise” in the system, Mohamed A. El-Erian, president and CEO of the $35 billion Harvard Endowment and incoming co-CEO and co-CIO of PIMCO, one of today’s most successful investment firms, avers that those messages signal deep, structural changes and realignments that are radically redefining the investment game.

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