Investing Like the Harvard and Yale Endowment Funds is a Quarter 3, 2017 research paper by Michael W. Azlen, CAIA, and Ilan Zermati of Frontier Investment Management.
The paper reviews university endowment investing, endowment asset allocation, the five largest U.S. endowment funds, and the construction and methodology of hypothetical Endowment Index Portfolios.
Using historical data through June 2016, it compares endowment funds and index portfolios with traditional equity/bond portfolios. The Endowment Index Portfolio results are hypothetical, do not represent actual account returns, and are presented before fees and access costs.
Open the original PDF for the complete paper, charts, tables, methodology, appendices, author biographies, and important source notes. The publication states that past performance is not indicative of future performance.
