Barry and Michael on the Endowment Model circa 2019 and beyond

My partners Barry and Michael discussed Barry’s recent Bloomberg column looking at the returns and asset allocation decisions at the Ivy League endowment funds. Recent data suggests endowments are adding to their private market investments at a high rate, presumably playing the same old performance chase that everyone else is susceptible to. Michael pushes back on Barry about appropriate benchmarks for endowment fu...

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source https://thereformedbroker.com/2019/10/16/barry-and-michael-on-the-endowment-model-circa-2019-and-beyond/

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