April 16, 2012 at 17:00 PM EDT
You Can Do Better Than Endowments
Rick Ferri had this interesting article The Curse of the Yale Model. In the article, he stated: What has been a blessing for Yale has been a curse for most other investors. In a true “me too” fashion, thousands of institutional investment funds have switched to the “Yale Model” seeking the outsized returns that the Yale endowment has enjoyed for two decades. However, after spending billions on consultants and hedge funds, most institutions have less to show than if they had bought a portfolio of low-cost index funds.
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