Endowment funds such as Yale University’s, which focuses on investment alternatives, have been great examples of multi-asset-class investing strategies over the last two decades. Case in point ...

From 1985 to 2015, Yale’s investment in venture capital as a percentage of its endowment increased almost 15-fold, per the Investment Office’s annual endowment update. The Prospect Fellowship, an ...

Yale’s endowment earned a 5.7% investment return, net of fees, for the year ending June 30, 2024, representing $2.3 billion in investment gains. After providing distributions of $2.0 billion to the ...

When David Swensen, a former Lehman Brothers banker, joined Yale as its chief investment officer in 1985, the university’s endowment was valued at about $1.3 billion. (Harvard’s had $2.7 billion.) ...