The Yale Myth: Analyzing the Poor Performance of Endowments
The investment performance of Yale’s and Harvard’s endowments has drawn interest from other endowments and investors alike, but little research has been done on non-profit endowment performance overall, despite the $700 billion in assets they collectively manage. One recent study, “Investment Returns and Distribution Policies of Non-Profit Endowment Funds,” released by Georgetown University and the …
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