The Asset Allocator: The Yale Endowment’s Excellent Performance
The media has been reporting that the Yale Endowment has been bested by its peers in the past year, but such a horserace approach completely ignores the fund’s objectives and proven track record. This podcast (5:22) suggests that the endowment’s 2020 asset-allocation targets offer an encouraging picture of its future performance, particularly its large risk-free reserves and its pronounced demotion of U.S. stocks. Learn more about your ad choices. Visit megaphone.fm/adchoices