The E&F Advocate: Five Pillars of Endowment Governance to Support Greater Liquidity, Transparency and Returns

By Gaurav Patankar, PhD

Photo credit: Dreamstime The “Yale Model” of endowment investment strategy created by David Swenson, successful for decades, may be nearing retirement. What was developed during a time of falling interest rates, less asset class ubiquity, and diminished premiums for exotics, may be a far less tenable model in 2025. Models like Yale’s with their reliance…

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