Harvard and Yale Investors Are Different From You and Me

Yale’s endowment eked out a mere 3.4 percent return during the fiscal year to June. Harvard’s investment portfolio fell 2 percent in fiscal year 2016, while the University of Pennsylvania’s dropped 1.4 percent. An average investor armed simply with a traditional 60/40 portfolio of U.S. stocks and bonds would have enjoyed a 4.8 percent return over the same period (those are returns for the S&P 500 and the Barclays U.S. Aggregate Bond Index, including dividends), easily beating Yale’s peer-best return. So what happened to these resource rich endowments?

Read More

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s