• All Hail the Yale Model

    What really jumps out when reading the article, “How the Yale Model ate endowments — and everything else” is how many endowments and foundations have tried, and are still trying, to replicate the Yale Model that was introduced to the market by David Swensen. Yet, the word replicate itself is a bit of an oxymoron… Read more »

  • For Public Pension Funds, Complexity Rises with Pivot to Private Equity

    In an effort to maximize long-term investment performance, public pension funds are shifting more of their assets to private equity. Last week, New Jersey’s $80 billion state employee pension fund said it would increase its target allocation to private equity funds to 12%, compared to a current target of 10.25% and a current allocation of… Read more »

  • Why Cash Flow Management Matters for Endowments

    Understanding cash flows is an essential element of managing university endowments. When budgeting, institutions not only need to account for rising costs, but also for the college’s spending to achieve strategic goals, such as funding scholarships, improving operations, providing grants or launching new programs. At the same time, the recent political pressures at play are… Read more »

  • Outsourced CIOs and the Challenge of Managing Alternative Assets

    Many institutional investors – including corporate and public pension funds, endowments, foundations and family offices – now rely on outsourced chief investment officers (OCIOs) to manage their portfolios, augmenting their in-house investment expertise without adding infrastructure. Engaging an OCIO enables investors to diversify their assets into complex asset classes they could not otherwise easily manage… Read more »

  • Data-Driven Decisions: What Asset Allocators Need to Know

    There’s a quote, often wrongly attributed to Mark Twain, that is highly relevant to the data that investment teams rely on to make portfolio decisions: “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” Except that in the case of multi-asset class investing,… Read more »