As usual, I’ll update performance for some of the endowments as the numbers come in. Below is an update from an earlier post (endowment fiscal year end is June 30th, makes for a tough start to year end 2012)…here is also a fantastic must read from Bogle – The Lessons of History. ( I was considering titling this post “The Revenge of 60/40” in reference to an old post from 2009).
I wrote a month ago that the endowments and real money funds would face a high hurdle this past year (ending June 30th), and it looks like at least the initial numbers are pretty good.
Ivy buy and hold allocation from book: 24.27%
Bloomberg: ” Endowments and foundations gained an average of 20 percent in the year ended June 30, their best performance in 14 years, according to consultant Wilshire Associates Inc.”