My latest at Alpha Baskets is titled What Harvard Can Teach Us About Portfolio Management. The endowment was featured in Barron's and the results lately have not been so great. The comments drew a lot of comments with the theme being that an SPY/AGG combo would have been better. In hindsight, for certain periods that is true and for others it isn't.
An excerpt;
Please click through to read the entire post.
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The picture is not quite Cambridge (although it is in the background across the river).
An excerpt;
Like many similar pools of capital, the fund allocates a large portion of its assets to illiquid investments like private equity and hedge funds but is doing less of this type of investing after a particularly bad experience in the financial crisis.
Please click through to read the entire post.
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The picture is not quite Cambridge (although it is in the background across the river).