The Curse of the Yale Model

What has been a blessing for Yale has been a curse for most other investors. In a true “me too” fashion, thousands of institutional investment funds have switched to the “Yale Model” seeking the outsized returns that the Yale endowment has enjoyed for two decades. However, [...]

Source: https://www.forbes.com/sites/rickferri/2012/04/16/the-curse-of-the-yale-model/

The secret behind the Ivy League's high endowment returns — Quartz

An astounding 50% of Yale's endowment is invested in illiquid, high-fee alternative assets.

Source: https://qz.com/1410591/the-secret-behind-the-ivy-leagues-high-endowment-returns/

Secretive hedge fund generates huge profits for Yale - The Boston Globe

Nancy Zimmerman’s Bracebridge Capital has gone from $5.8 billion in assets four years ago to $10.3 billion today.

Source: https://www.bostonglobe.com/business/2016/02/04/secretive-hedge-fund-generates-huge-profits-for-yale/EZhm05hnOVsLa0C6HWzh2O/story.html

David Swensen's guide to sleeping soundly | Features | Yale Alumni Magazine

Financial wisdom for troubled timesplus strong opinions on the current crisisfrom Yale's in-house Warren Buffett.

Source: https://yalealumnimagazine.com/articles/2398-david-swensen-s-guide-to-sleeping-soundly

David Swensen's guide to sleeping soundly | Features | Yale Alumni Magazine

Financial wisdom for troubled timesplus strong opinions on the current crisisfrom Yale's in-house Warren Buffett.

Source: https://yalealumnimagazine.com/articles/2398-david-swensen-s-guide-to-sleeping-soundly

Yale fund chief reveals truth about hedge fund failures - MarketWatch

Investing secrets don’t stay secret for long.

Source: https://www.marketwatch.com/story/yale-fund-chief-reveals-truth-about-hedge-fund-failures-2017-03-31

Harvard, Yale, Stanford endowments: Is it time to tax them?

“The joke about Harvard is that it’s a hedge fund with a university attached to it,” Mark Schneider tells me. It’s a quip that, for obvious reasons, ha ...

Source: http://www.slate.com/articles/business/moneybox/2015/09/harvard_yale_stanford_endowments_is_it_time_to_tax_them.html

Why Harvard owns 10,000 acres of California vineyards - Vox

The university's endowment has been buying up wine country as part of a broader investment strategy.

Source: https://www.vox.com/2015/1/27/7924109/harvard-endowment-vineyards

US universities in Africa 'land grab' | World news | The Guardian

Institutions including Harvard and Vanderbilt reportedly use hedge funds to buy land in deals that may force farmers out

Source: https://www.theguardian.com/world/2011/jun/08/us-universities-africa-land-grab

Tax-Free “Hedge Funds with Universities Attached”: A Sustainable Nonprofit Form? - Non Profit News | Nonprofit Quarterly

While a conceptual battle rages about the essence of the requirements for tax-exempt status, most nonprofits are pretty silent on the matter, leaving those questions to the courts and legislators.

Source: https://nonprofitquarterly.org/2016/04/19/tax-free-hedge-funds-with-universities-attached-a-sustainable-nonprofit-form/