When More Is Less: Investment Lessons from U.S. Endowments

By James Parkyn, François Doyon La Rochelle & Raymond Kerzerho

To achieve their objectives, endowments must prudently invest their assets with a long-term perspective, attempting to maximize returns while controlling for risk in an uncertain world..This paper explores research on the investment performance of U.S. endowments. it offers important insight for all investors, including those entrusted with responsibility of managing foundations, trusts and private wealth.”