University Endowment Performance: Strategic versus Tactical Allocation
December 27, 2011 - Investing Expertise, Strategic Allocation
Is strategic asset class allocation or active management paramount for U.S. university endowment investment performance? In the October 2011 draft of their paper entitled “Do (Some) University Endowments Earn Alpha?”, Brad Barber and Guojun Wang explore the investment performance of U.S. university endowments with regard to overall alpha, performance persistence and sources of superior performance. They… Keep Reading