Veriti In the News: Chief Investment Officer Highlights Hammond’s Research
Study: Endowments Have Underperformed Passive Portfolios for 58 Years
Chief Investment Officer highlights Dennis Hammond’s recent article: New research finds a 60/40 passive benchmark has outperformed the average endowment over nearly six decades.
The article cites Hammond’s impressive research that “covers a 58-fiscal-year period ending June 2019, and uses the compendium of annual endowment data extending back to July 1961 from the National Association of College and University Business Officers (NACUBO).”
Read the rest of the article here.
Credit: Chief Investment Officer, August 5, 2020