This is pretty interesting given that a 60/40 stock/bond portfolio has generated a 6.3% return, the hedge fund HFRI has generated a 4.66% return, the iShares Bond Aggregate has generated a 5.1% return and the S&P 500 has generated a 7% return.When some things are good, but the idea gets copied, creating exceptional outperformance becomes very challenging. You would be better off investing in a total stock market index ETF. The post Complicated Portfolios of the Universities appeared ......
When David Swensen of Yale showed everyone how his portfolio can consistently outperform the market, the other university endowment funds starts mimicking close to the allocation. Swensen introduce a degree of private equity, hedgefunds into the portfolio.
Pragmatic Capitalism profiles a chart of their performance since the great finance crisis.
We are not sure if this is after fees, but I am assuming it is.