Investing Like an Institution

A Study of Several Large Endowments

As investors, we live in challenging and unprecedented times. After the longest bull market in history, investors are now faced with hard choices on where to find portfolio performance. Stock prices have tanked across multiple sectors and bond yields are well below inflation. The 60/40 stock-to-bond blend investors have used for decades may now produce more risk than it does return.

Large institutional investors (college endowments, pensions, etc.) in many cases do not share these concerns. Why? Because the investment portfolios they direct have substantial allocations to asset types that are non-correlated with traditional equity and debt markets. Their portfolios are built around various competitive advantages to produce consistent and repeatable returns with low volatility.

In this report, see how several large endowments have allocated their portfolios in an effort to weather the coming economic storm. There is no cost or obligation and your personal information will not be shared. (See our Privacy Policy.)