A research paper about my paper. Cool! I haven’t had the chance to read it yet…
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Draw your own conclusions on endowment performance last year, fiscal year ending June 30th. Below are facts.
Bonds +7%
60/40 -12.7%
Texas -13%
Penn -15.7%
Columbia -16.1%
MIT -17%
Williams -18%
Amherst -20%
Brown -23%
Yale -24.6%
Stanford -25.9%
US Stocks -25.95%
Cornell -26%
Harvard -27.3%
Foreign Stocks -31%
Buy and Hold -31.1%
Real Estate -41%
Commodities -61%
(Data sources: Global Financial Data, Harvard and Yale Annual Reports)
US Stocks – S&P 500
Foreign Stocks – MSCI EAFE
Bonds – 10 Year US Govt
Commodities – GSCI
REITs – NAREIT
Buy and Hold is an equally-weighted, monthly rebalanced allocation to the above 5 asset classes
Harvard and Yale are announced returns for 2009
60/40 is the traditional 60% stocks, 40% bonds allocation
