Hard Landing For Endowments

This NY Times article explains how even the revered university endowments, with access to the best hedge fund and private equity managers globally, have failed to keep up with a 60/40 portfolio.  While the endowment model may be appropriate for tax-exempt institutions with perpetual investment horizons and fundraising capabilities, individual investors often pay an additional layer of fees, compromise precious liquidity, and suffer significant tax bills for the opportunity to emulate this “institutional” approach.  

Link  |  A Hard Landing For University Endowments (NYTimes.com)

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