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Ben Carlson: Harvard vs. Yale: The Battle Of The Endowments
FYI: I talked to Anora Mahmudova from MarketWatch earlier this week about everyone’s favorite topic in the institutional money management world lately — the Ivy League college endowment performance figures.
Performance numbers for fiscal year-end 2016 were relatively underwhelming. These things happen when you invest in risk assets. You can’t expect consistent results if you wish to seek higher expected returns. This is a simple fact many are missing when they discuss these numbers.
