Yale’s endowment
| Absolute return | 23.5% |
|---|---|
| Foreign equity | 11.75% |
| Real estate | 9.5% |
| Bonds and cash | 7.5% |
| Natural resources | 4.5% |
Keeping this in consideration, what is the purpose of the Yale endowment?
The Yale Endowment helped pioneer alternative investing in hedge funds, private equity, real estate, and so forth. In 1990, Yale became the first institutional investor and university endowment to define absolute return strategies as a distinct asset class, beginning with a 15% target allocation.
Keeping this in view, what is UCLA’s endowment? The UCLA Foundation’s support of the university remains strong thanks to increased donor contributions. The Foundation’s net position increased to $3.6 billion. Total assets increased by 6% ($230.6 million) to $4.0 billion, while total liabilities remained unchanged at $346 million.
Correspondingly, what is the endowment model?
1 The Endowment Model (e.g., Swensen, 2000) argues that long-term investors with access to valuable illiquid investment opportunities should have relatively high allocations to alternative assets, so as to earn illiquidity premiums and exploit the inefficiencies found in illiquid markets.