Yale’s annual report is full of great insights. As we discussed previously, Yale generates 50% of outperformance from the asset allocation and another 50% from manager selection. Recently published 2017 annual report discussed extensively Yale’s belief in the active investment management and “unique” manager sourcing. I found the following quotes particularly important.
Analysis of Yale’s Manager Selection
Analysis of Yale’s Manager Selection
Analysis of Yale’s Manager Selection
Yale’s annual report is full of great insights. As we discussed previously, Yale generates 50% of outperformance from the asset allocation and another 50% from manager selection. Recently published 2017 annual report discussed extensively Yale’s belief in the active investment management and “unique” manager sourcing. I found the following quotes particularly important.