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Is the Yale Model Broken?

FYI: Declining returns and current market conditions have some questioning the infallibility of the endowment model—pioneered and perfected by David Swensen—and looking to reinvent.
Regards,
Ted
http://www.ai-cio.com/channel/NEWSMAKERS/Is-the-Yale-Model-Broken-/

Comments

  • I saw this matter addressed on some media outlet 4-9 months ago.

    The long/short of that presentation was that the ""Yale model" still works quite well -- for Yale. Those who copied it have NOT had the same success.

    That would lead me to deduce its not the model that is broken, only that the model requires a rare combination of expertise and skill sets, which Yale's pension team has, but most others do not.
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