A Better Approach to Systematic Outperformance

“Trustees of the majority of endowments would be well served to consider the implications of these findings in managing endowments to succeed in funding their prime directives,” explains Veriti’s Head of Institutional Investments, Dennis Hammond.

In his recent article published in The Journal of Investing, Hammond examines how, over a 58-year period, the average endowment significantly under-performed its annual need, its long-term return objective, and the traditional 60/40 passive benchmark.

“Our objectives are to determine whether endowments met various return goals over time and whether returns on average could be systematically improved.”

Read the article here to learn more.

Credit: The Journal of Investing, August (2020)