透過您的圖書館登入
IP:18.218.161.96
  • 期刊

Evaluation of The Yale Endowment From 2001 to 2017

摘要


As one of the most successful institutional investors in the world, the investment strategy and operating model of the Yale Endowment has been concerned and even followed by numerous institutional and individual investors. We will describe the development of Yale Endowment and its contributions to the development of Yale University, explain the trend of asset allocation in absolute return, domestic equity, fixed income, foreign equity, private equity, real assets and cash, and then reveal the possible reasons for the long-term stable growth of the Yale Endowment.

參考文獻


Peter Mladina, Jeffery Coyle, Yale's Endowment Returns: Manager Skill or Risk Exposure? The Journal of Wealth Management, 2010.
Fama.Eugene, Michael C. Jensen, Organizational forms and investment decisions, Journal of Financial Economics 14,1985.5:101-109.
Isabelle Bajeux-Besnainou. Kurtay Ogunc, Spending rules for endowment funds-A dynamic model with subsistence levels, Review of Quantitative Finance and Accounting, Vol. 27, Number 1,2006. 8:93-107.
STEPHEN G. DIMMOCK, Portfolio Choice, Background Risk, and University Endowment Funds, Michigan State University - Department of Finance, AFA 2008 New Orleans Meetings Paper,2007.10.
Fisher, Lawrence, James H. Lorie,Some Studies of Variability of Returns on Investment in Common Stocks, Journal of Business, 1970.4:99-134.

延伸閱讀