Asset Allocation
Endowment Index Ends Second Straight Year at Record High
Despite 10.14% rise during 2020, the index still underperformed a 60/40 stock-bond portfolio.
Markov Processes analyzes how Brown has managed to outperform its rivals in recent years.
Private equity had a good year, but individual selections of stocks and other assets hobbled overall showing, report says.
None of the elite universities’ endowments beat a 60-40 portfolio over the past decade.
Investment gains were lowest among any Ivy League endowment.
Data shows Ivy League endowments are increasing their focus on private investments.