PDF Assessing endowment performance: The enduring role of low ...
(1) endowment performance over the last 20 years and (2) the average historical returns offered by alternative asset classes. We discuss each of these next. Endowment performance through time Figure 5 displays the rolling five-year excess returns of both large and small endowments versus a simple 60% stock/40% bond benchmark over the 20 years from ................
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